Superannuation Guarantee Charge, ATO Assessments and Statutory DemandsRoberts, Graham
The ATO has reminded employers that, from 1 July 2022, they must make superannuation guarantee contributions for employees under 18 years old if they work more than 30 hours a week. The ATO is reminding employers of this upcoming requirement in light of the recent repeal of the legislated mini...
The Superannuation Guarantee (SG) Scheme, administered by the Australian Taxation Office (ATO), requires all employers to provide a prescribed minimum level of superannuation support for each of their employees, subject to limited exemptions. Employers who fail to provide the prescribed level of minimu...
This is the Final Report in the ATO 'Evaluating ADR' project. The Report focuses on a sample of taxation and superannuation disputes involving 118 finalise... T Sourdin,A Shanks - 《Social Science Electronic Publishing》 被引量: 14发表: 0年 The Superannuation Guarantee, Wealth and Retirement ...
being the estimated superannuation guarantee gap assuming no ATO compliance activity. The ATO's estimate of the net gap for the financial year ended 30 June 2015 is $2.85 billion, representing 5.2% of the total estimated $54.78 billion in superannuation guarantee employers were required to pay in...
Award superannuation Superannuation entitlements that are determined by a Federal or State industrial award. In some cases these entitlements may provide entitlements to employees, which are above the minimum Superannuation Guarantee requirement of 9% of salary. Fund...
The Australian National Audit Office (ANAO) has found that the ATO has only been partially effective in identifying and dealing with employers who try to avoid paying the Superannuation Guarantee (SG) introduced in 1992. Employer SG contributions in2020/21were $74.1 billion. The amount of SG de...
Although the superannuation guarantee regime has been in place for almost two decades, confusion continues to reign when it comes to determining whether an individual who is engaged to do work, ostensibly on the basis that they are operating as an independent contractor, should be treated as an ...
Employers must ensure they pay superannuation guarantee contributions on time to the super fund chosen by the employee. If no fund is chosen, then they must use the “stapled super fund” notified by the ATO for the employee. If there is no “stapled super fund”, then they must pay the...
Seven-day contributions window: Employers must pay employees’ SG contributions at the same time as salary and wages. Contributions must be received by the employees’ super fund within 7 calendar days of payday to avoid the super guarantee charge (SGC). There will be some limited exceptions. ...