The Australian Taxation Office has implemented measures to ensure that employers are meeting their superannuation guarantee (SG) obligations.

Superannuation funds now provide information to the ATO when they receive SG contributions for employees. The ATO is using this information, as well as Single Touch Payroll (STP) reporting, to identify employers who have paid some or all of their super contributions late or haven’t paid the right amount by the due dates, for their employees.

If an employer is not meeting their SG obligations, they may be contacted by the ATO to let them know that they need to lodge superannuation guarantee charge (SGC) statements for the relevant periods. Even if they have since paid the late or underpaid SG contributions to their employee’s fund, they still need to lodge an SGC statement and pay the SGC.

If you are unsure of your SG obligations as an employer, or need assistance, get in touch with your adviser.

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