Super Guarantee Amnesty: Time is Running Out
On 6 March 2020 the government introduced a superannuation guarantee (SG) amnesty which allows employers to disclose and pay previously unpaid super guarantee charges (SGC), including nominal interest, that they owe their employees, for quarter(s) starting from 1 July 1992 to 31 March 2018, without incurring the administration component ($20 per employee per quarter) or Part 7 (double SGC) penalty. In addition, payments of SGC made to the ATO after… Read more