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ATO warns employer on SG obligations
The Australian Taxation Office (ATO) has signaled that it will not be taking its eye of the ball with respect to employers delivering on their superannuation guarantee obligations this financial year.
In an outline of its compliance focus for 2013/14, the ATO said that it expected to contact around 19,500 employers as a result of complaints from employees that they were not receiving superannuation guarantee contributions.
The ATO said that some industries presented a higher risk of employers not complying with their superannuation guarantee obligations, and that as a result it would be closely monitoring cafes and restaurants, carpentry services and real estate services.
It reminded employers that they could be held accountable for their company’s unpaid superannuation guarantee debt under the new director penalty regime.
“Last financial year, we transferred more than $275 million of employer super contributions to member accounts after compliance action,” the ATO said.
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