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Showing 1 - 10 of 74 results for "Unpaid super"

Industry bodies call for delay to Payday Super

JAMIE WILLIAMSON  |  FRIDAY, 9 MAY 2025
... designed to ensure employees are paid their Superannuation Guarantee entitlements with wages. It would curb the issue of unpaid super in Australia by increasing the penalties for employer non-compliance; it's estimated some $41.5 billion in super ...

New government must prioritise payday super: SMC

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
... announced in May 2023. SMC chief executive Misha Schubert said payday super will dramatically reduce the level of unpaid super, improve compliance with the law and make the super system fairer for workers and businesses alike. "Over the coming year ...

Payday super on track, but so is the $3m super tax

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
... on the government for the payday super reforms, which she said would be a "game changer". "Fixing the scourge of unpaid super is urgent - the 2.8 million Australians who miss out on some or all of their super contributions each year cannot afford to ...

Government releases draft payday super law

ANDREW MCKEAN  |  FRIDAY, 14 MAR 2025
... undercut by businesses who deliberately underpay staff. SMC data also revealed the federal electorates with the worst unpaid super records by the amount of people underpaid, the worst being Lalor in Victoria, with the percentage of people being underpaid ...

Government bolsters funding for payday super reforms

ANDREW MCKEAN  |  THURSDAY, 19 DEC 2024
... employees' superannuation entitlements at the same time as wages. Advocacy groups say this reform would drastically curb unpaid super. According to ATO data, there were more than 500,000 cases of underpayment and over 200,000 cases of non-payment of ...

Top superannuation policy priorities for 2025: SMC

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
... passed to make it a reality." It called for the full and timely implementation of payday super, alongside strengthened unpaid super enforcement through ambitious ATO targets for "proactive recovery" and "stronger penalties." SMC is also pushing to "help ...

ATO recovers $900m in unpaid super

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
The Australian Taxation Office (ATO) recovered over $900 million in unpaid super owed to 800,000 employees in the past year. Latest compliance data from the ATO shows $932 million in previously unpaid superannuation reached the retirement accounts of ...

Cbus board still considering CFMEU directors

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
... insurance, to make those members aware," Fok said. "We also work very constructively with them on the ground to recover unpaid super. Last year alone we recovered $200 million..." When Bragg asked whether the payments to the CFMEU will continue in the ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... ensure millions of Australians who are currently being short-changed are paid their super on time and in full." "Unpaid super locks too many Australians out of the full transformative benefits of the retirement system and leaves people poorer when they ...

Australians robbed of super savings

ANDREW MCKEAN  |  WEDNESDAY, 28 AUG 2024
... losing $1800 - a loss that could result in over $30,000 less in retirement savings. The SMC said that this issue of unpaid super, driven by the misalignment between super and wage payment, creates an unfair playing field where employers who pay their ...
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