The amnesty will allow employers who have a shortfall of
Superannuation during that time, to voluntarily disclose (and pay) unpaid
super, claim a deduction for the super paid, as well as Administrative
Penalties normally applied for Super Guarantee charge.
Legislation has now been passed providing an Amnesty on unpaid Superannuation obligations. It applies to the period 1 July 1992 to 31 March 2018. The one-off amnesty is not available for any shortfall beyond that date.
The amnesty ends 6 months from Royal Assent (read March).
If you, or a business owner you know, have outstanding
Superannuation obligations, please contact us for a confidential meeting to
discuss how the Amnesty can benefit you.