The ATO has released a fact sheet explaining its compliance and penalty approach for employer superannuation guarantee (SG) obligations.
The ATO approach applies to employers who are unable or unwilling to meet their SG obligations, including non-payment, underpayment, or late payment of SG contributions to an eligible employee.
In deciding what action to take, the ATO said that it applies a differentiated approach to consider the individual circumstances of an employer and their history of engagement with the ATO. This includes assessing:
- employers who actively engage with the ATO
- employers experiencing difficulty meeting their obligations, and
- employers who are able but unwilling to meet their obligations.
Source: Australian Tax Week Issue 9
This is general advice only. Your personal circumstances have not been taken into consideration.