Superannuation Guarantee amnesty requires action now

Article

Superannuation Guarantee amnesty requires action now

Tax Insights

On 6 March 2020, the Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019, also referred to as the Superannuation Guarantee (SG) Amnesty Bill, received Royal Assent.

Consequently, employers will have six months from the date of Royal Assent to voluntarily disclose any SG shortfalls to the Australian Taxation Office (ATO) and qualify for the terms of the amnesty.

The amnesty will allow employers to review payroll compliance processes and make good any historical underpayments of SG to employees along with legislated temporary remission of penalties and other charges.

Superannuation Guarantee amnesty requires action now
  • Contact us
  • Submit RFP
  • Our solutions

    Progress your business growth and development

    Take a look at the products and services we offer.

    Tax services

    As a global tax leader today, your reality is a fast-changing landscape, from which new ideas, demands, and operating models emerge. Leading through this change and complexity is your priority. And supporting you with this is ours.

    Indirect tax

    Indirect tax is becoming many governments' preferred method of revenue raising. It’s more critical than ever to manage indirect tcompliance and cash flows. Deloitte’s indirect tax experts understand the nuances of regulations, the importance of industry knowledge and the growing role of technology.

    Tax management consulting

    With consulting, technology and outsourcing experience, Deloitte TMC helps businesses meet the challenges of multi-jurisdictional tax operations, including compliance, reporting and risk management for direct and indirect taxes. 

  • Our latest reports and thought leadership
Did you find this useful?