Tackling non-payment of workers’ superannuation
The Turnbull Government is continuing to take action to ensure Australian workers are paid the superannuation entitlements that they are owed.
Today the Turnbull Government introduced legislation to complement the sweeping superannuation guarantee (SG) integrity package already before Parliament by introducing a one‑off, twelve month amnesty for historical underpayment of SG.
The Bill incentivises employers to come forward and do the right thing by their employees by paying any unpaid superannuation in full.
Employers will not be off the hook – to use the amnesty they must pay all that is owing to their employees, including the high rate of nominal interest. However, the amnesty will make it easier to secure outstanding employee entitlements, by setting aside the penalties for late payment that are normally paid to the Government by employers.
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