ATO SG crackdown
Australian employers that have failed to live up to obligations with respect to paying the superannuation guarantee have been made to pay a price by the Australian Taxation Office (ATO).
The Tax Commissioner, Michael D’Ascenzo, said that as of February, this year, the ATO had collected approximately $130 million in unpaid superannuation guarantee payments and had started legal action against 1,100 for outstanding superannuation guarantee charge debts.
He said that the ATO had increased its focus on superannuation guarantee debt and, consequently, the ATO was recovering more employee superannuation entitlements on their behalf.
“Last year we raised $350 million in [superannuation guarantee charge] and will exceed that amount this year,” he said.
AUTHOR
Mike Taylor
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