Superannuation Guarantee Amnesty

On March 6 the Australian Tax Office announced that A Superannuation Guarantee Amnesty has commenced. In effort to support Australian business the ATO has announced that the amnesty will not penalise late super payments. The Amnesty will allow employers to lodge undisclosed super without penalties for employees from 1^st July 1992 and 31^st march 2018. In order to qualify the super Amnesty you must not previously disclosed the super liability and you must register by 7^th September 2020. This is a once in a lifetime opportunity to get on top of your super. Admin fees and interest charged by the ATO can double your debt, don’t let this cripple your business, act now!