Superannuation Guarantee Amnesty

Superannuation Guarantee Amnesty On 24 May 2018, Minister for Revenue and Financial Services announced the commencement of a 12-month Superannuation Guarantee Amnesty (the Amnesty). The Amnesty is a one-off opportunity for employers to self-correct past super guarantee (SG) non-compliance without penalty. Subject to the passage of legislation, the Amnesty will be available from 24 May 2018 to 23 May 2019. Employers…

employees and workers

Directors not paying SG on ATO hit list

Directors on ‘hit list’ for not paying employee super Proposed legislation would see the ATO pursue criminal charges against Directors who fail to meet their superannuation guarantee (SG) obligations. An analysis by Industry Super Australia submitted to the Economics References Committee into Wage Theft and Superannuation Guarantee Non-compliance indicates that employers failed to pay an…

Young businessman standing over a young businesswoman sleeping on a couch --- Image by © Royalty-Free/Corbis

What’s changing in 2018?

What’s on the cards for 2018?  We highlight major changes for 2 financial-year milestones – Jan and July – most of which we covered in 2017.  Take a moment to refamiliarise, especially the 10 major changes that kick off from July 2018. 1 January 2018 Vacancy fees for foreign acquisitions of residential land. An annual…