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ATO to be provided with more super guarantee information

The Government has announced a package of reforms to give the ATO near real-time visibility over superannuation guarantee compliance by employers.

The Government will also provide the ATO with additional funding for a Superannuation Guarantee Taskforce to crackdown on employer non-compliance.

The package includes measures to:

Following extensive consultation when STP was originally announced, it was decided that employers with 19 or fewer employees would not be required to comply.

Given the backflip here, the business community will be hoping the Government does not introduce compulsory real-time payments of Superannuation Guarantee and PAYG withholding, as well as real-time reporting.

 

 

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