Employers continue to demonstrate high levels of voluntary participation in the superannuation system. Total employer contributions as a proportion of total salary and wages are above the 9% base rate for superannuation guarantee contributions. The number of employees notifying us that their employers have not paid their superannuation guarantee entitlements continues to be less than 0.2% of all employees.
Since 2009, we have transferred over $1.3 billion in previously unpaid superannuation into member accounts. In 2012–13, collections of the superannuation guarantee charge increased by 4.3% to $337 million.
Our multi-year superannuation guarantee strategy includes communication, education and audits. Through the education strategy, there has been an average increase in voluntary compliance of more than 10% in certain targeted high-risk industries.
In 2012–13, our compliance campaign focused on communication or compliance activities in the following industries:
- communication – cafes and restaurants, carpentry services and real estate services
- compliance activities – computer system design and related services, accommodation services and accounting services.
In industries we previously examined, there has been an increase in compliance of more than 20% relative to a control group.
› For more information see superannuation guarantee outcomes.
We were unable to recover $188.9 million of existing superannuation guarantee charge debt due to employers entering some form of insolvency administration. We did not pursue recovery of $15.0 million because it was uneconomical to do so. For more information see debt outcomes.