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Employers short-changing workers by withholding superannuation: Report

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HC Online | 07 Dec 2016, 11:25 AM Agree 0
About a third of Australian workers are not being paid some or all of their superannuation, according to new research
  • | 07 Dec 2016, 01:33 PM Agree 0
    Are Employers short changing workers or is this a beat up by the Superannuation Industry?

    Based upon published statements by the authors, recommendations were geared at the delay in making payments to super funds ( under the SG Administration Act, an employer is only required to submit payments every 3 months) and having salary sacrificed amounts (under ATO rulings salary sacrificed amounts for super are counted as employer contributions for SGC purposes) counted as employee contributions. Whilst there is probably strong evidence to say that some small to medium business are underpaying or not meeting their SGC obligations, I think there might be some over reach by the authors of this report based upon these types of recommendations.

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