Super Guarantee Amnesty (Proposed)

Under the current law, if you’ve missed a super payment or haven’t paid an employees’ super on time, you are required to lodge an SG charge statement.

Until law giving effect to the proposed Superannuation Guarantee Amnesty is enacted, we will continue to apply the existing law to SG charge statements lodged by employers.

If passed into law, the proposed amnesty will be a one-off opportunity for employers to self-correct past super guarantee (SG) non-compliance without penalty.

Legislation to give effect to the proposed amnesty was introduced into Parliament on 24 May 2018 but hasn’t yet been enacted.

Subject to the passage of legislation the proposed amnesty is intended to be available for 12 months from 24 May 2018 to 23 May 2019.

If enacted, we will apply the new law retrospectively to voluntary disclosures made from 24 May 2018.

Want more information about how this is going to work, contact us to find out more (08) 94810746.

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