Tag Archives: Superannuation Guarantee

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Back in May 2018 the first iteration of a law for an amnesty on unpaid historical superannuation was announced, but due to the calling of the Federal election at the time, it did not pass. A second iteration of the law, known as the “Recovering Unpaid Superannuation” Bill, was launched in September 2019. This second […]

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Recently, something really good has happened… or may happen! The Minister for Revenue and Financial Services, Kelly O’Dwyer, has announced that there will be a 12 month amnesty for any naughty employer who has historical employee super debt, to pay that debt without also having to pay the usual penalties and charges. What’s more, those payments will […]

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BAS Agents are now a very important part of the tax compliance landscape. They have been floating around since 2010 when the first group of agents became registered with the Tax Practitioners Board (TPB) after the passing down of TASA 2009. TASA 2009 is legislation that makes it illegal for anyone to charge a fee […]

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Good news clients! We can now assist you and your business with 2 more tasks – superannuation guarantee and the Taxable Payments Annual Report. So that will be 2 more tasks that you don’t have to do anymore which means more time for you – yippee!

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Since 1 July 2013, superannuation guarantee has undergone some changes, the most memorable of these being the increase of contributions from 9% to 9.25%. A further change occurred on 1 January 2014 when My Super products were introduced to super funds. All employers must now ensure that their default super fund offers these products. The […]

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Superannuation contributions that you currently pay on behalf of your employees are set to rise gradually from the current 9.5% to 12% by 2025.

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From 1st July 2010, if you have 20 employees or less, you can access the Federal Government’s Clearing House for superannuation guarantee payments. This makes paying super so easy. (NOTE: As of 1st April 2014, the Australian Taxation Office will run the clearing house. Read more about this in this blog).

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