Super guarantee underpayments: employer amnesty

Do you run a business that’s maybe fallen a little behind on super guarantee (SG) payments for your employees? Perhaps you’ve had some cash flow issues in the past or forgot to make the payments one quarter. Well don’t despair, the Government has announced a one-off amnesty to run until 24 May 2019, which will allow employers to self-correct historical underpayments of SG amounts without incurring the penalties that would normally apply. The amnesty applies to SG shortfalls as far back as 1 July 1992 but will not apply to shortfalls for quarters starting from 1 April 2018. Therefore, … Continue reading Super guarantee underpayments: employer amnesty