New superannuation guarantee measures enacted

Additional surety measures within the Treasury Laws (2018 measures No.4) Bill have been enacted aiming to provide tighter protections on employees’ superannuation payments. As of the 1st of April 2019:

  • Employers will have access to an online Superannuation Guarantee (SG) obligations in an ATO approved online course. The Commissioner of Taxation may direct recalcitrant employers not meeting their SG obligation to undertake the course.
  • The ATO now have powers to disclose information to employees about any outstanding superannuation and the debt recovery procedures to secure those outstanding amounts.
  • The ATO have an increased number of options for collecting outstanding superannuation amounts including director penalty notices where the directors are personally held liable for the accumulated superannuation debts.

These measures compliment the real-time reporting obligations around the Single Touch Payroll (STP) legislation and will equip the ATO with information about noncompliant employers for SG purposes much sooner than has been the case.