Superannuation crackdown
The ATO has announced they will be cracking down on employers who fail to pay compulsory superannuation contributions on behalf of their workers. Please ensure that you pay nine per cent of ordinary time earnings by the following due dates:
|
Quarter |
Due Date |
|
1 July – 30 Sept |
28 October |
|
1 Oct – 31 Dec |
28 January |
|
1 Jan – 31 Mar |
28 April |
|
1 Apr – 30 Jun |
28 July |
If you fail to pay your employee’s superannuation by this date, fines will be imposed and no tax deduction will be allowed for the payment of the late superannuation.
Employers must also notify their employees of the amount of superannuation contributed and where it has been paid.
