Employers are facing increasing pressure from the Australian Taxation Office (ATO) to comply with obligations and make Employee Super Guarantee Payments on time, every time.
Employers need to be aware of their obligations and make sure they have systems in place in order to remain compliant. Mark these important dates in your diary.
||SG Charges Date (penalties)
||1 July- 30 September
||1 October- 31 December
||1 January- 31 March
||1 April- 30 June
Innocent oversights will attract the same penalties as deliberate non-compliance. In the future, there will be little leeway for businesses failing to make the required payments by the due date. Your business could face hefty fines for failure to comply with your obligations.
For more information please visit the ATO website or contact our team for business advice and support in relation to superannuation.