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Showing 1 - 4 of 4 results for "SG shortfall"

Industry fund underpaid SG to staff

KANIKA SOOD  |  TUESDAY, 1 SEP 2020
... the fund this month received letters signed by its head of people and culture Sandy Rimagmos, alerting them of the SG shortfall remediation to their accounts, with a 10% p.a. interest on net shortfall as stipulated by the ATO. According to the letter ...

SG amnesty bill finally passes

HARRISON WORLEY  |  TUESDAY, 25 FEB 2020
... Employers found to be underpaying their worker's superannuation will be subject to a minimum penalty of 100% of the SG shortfall they owe - and up to 200% in serious cases - if they fail to get their house in order before the amnesty period ends. The ...

Superannuation bills on hold

KARREN VERGARA  |  MONDAY, 15 APR 2019
... on unpaid amounts of SG. To qualify for the amnesty, employers must disclose to the ATO information related to an SG shortfall for a quarter that ends at least 28 days before the start of the 12-month amnesty period. Treasury Laws Amendment (2018 Measures ...

Cbus opposes smaller super guarantee penalties

DARREN SNYDER  |  WEDNESDAY, 26 AUG 2015
... earnings). The changes will also reduce the harshness of the SG charge by aligning the interest component on any SG shortfall with the period contributions are outstanding. Comments from interested parties on the proposed legislation can be made until ...
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