Federal Government Unveils New Superannuation Amnesty

The Federal Government has recently announced the introduction of new legislation, targeted at incentivising employers to come forward and attend to unpaid superannuation obligations.
The Government has introduced a 12-month amnesty period, allowing employers to come forward and attend to any historical superannuation guarantee (SG) entitlements outstanding, without the usual penalties and charges. This one-off scheme is designed to encourage employers to attend to their SG requirements in a timely manner. To access the amnesty, outstanding SG entitlements must be paid by employers in full, including all accrued nominal interest.

Mali De Castro

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