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Showing 1 - 10 of 14 results for "Superannuation Guarantee Charge"

NPP not suitable as the primary payment system for payday super

MATTHEW WAI  |  WEDNESDAY, 9 APR 2025
... will rise from 11.5% to 12%, increasing payroll costs for employers. Late payments will attract Superannuation Guarantee Charge (SGC), which is not tax-deductible. Simultaneously, the Australian Taxation Office (ATO) will also remove the ability to claim ...

Government releases draft payday super law

ANDREW MCKEAN  |  FRIDAY, 14 MAR 2025
... employers to help them meet their obligations. The draft legislation also includes a redesign of the Superannuation Guarantee charge to guarantee workers are compensated for late payments by their employer. Jones said employers will face tougher penalties ...

More businesses fold, unpaid super recovery measure to launch

KARREN VERGARA  |  THURSDAY, 6 JUN 2024
... return of advances made under FEG as and whether the claims will result in a better recovery of superannuation guarantee charge (SGC)." The Australian Taxation Office (ATO), however, remains the priority creditor for outstanding SGC in insolvent estates. ...

BAS agents to expand service offering

ANNABELLE DICKSON  |  FRIDAY, 6 NOV 2020
... registered a new legislative instrument to allow BAS agents to expand their services in relation to the superannuation guarantee charge (SGC). The instrument, Tax Agent Services (Specified BAS Services No. 2) Instrument 2020, is the result of extensive ...

Amnesty unearths $588m unpaid super

KARREN VERGARA  |  MONDAY, 21 SEP 2020
Over half a billion dollars of unpaid superannuation has been reunited with workers, as employers take advantage of the amnesty period to "wipe the slate clean". About 24,000 employers have admitted to underpaying staff approximately $588 million in ...

Industry funds happy SG charge retained

MARK SMITH  |  THURSDAY, 17 MAR 2016
Industry super funds have welcomed the retention of the full Superannuation Guarantee Charge following a debate in Parliament. The SG charge is a penalty paid by employers who fail to make their quarterly SG contributions on time. It was set to be diluted ...

Super guarantee charge bundled by red tape repeals

DARREN SNYDER  |  FRIDAY, 13 NOV 2015
The federal government's Red Tape Repeal Day on Thursday included amendments to the superannuation guarantee charge (SGC) but the proposed legislation has been rolled over to parliament's final sitting weeks for the year. Under the proposed changes ...

AIST opposes SG charge reductions

DARREN SNYDER  |  MONDAY, 21 SEP 2015
... former federal small business minister Bruce Billson is aiming to reduce the harshness of the superannuation guarantee charge (SGC), claiming it is burdensome on small businesses. Submissions to the draft legislation closed on Friday and AIST executive ...

Cbus opposes smaller super guarantee penalties

DARREN SNYDER  |  WEDNESDAY, 26 AUG 2015
... minister Bruce Billson recently introduced draft legislation aiming to reduce the harshness of the superannuation guarantee charge (SGC), claiming it is burdensome on small businesses. Cbus chief executive, David Atkin, said the non-payment of super ...

New super bill enters parliament

ELISE BURGESS  |  FRIDAY, 2 MAR 2012
... guarantee entitlements for nearly 279,000 employees, raised $517 million and collected $269 million in superannuation guarantee charge, and collected $139 million in penalties. "This measure will benefit those employees who are most vulnerable, that ...
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