September 2019

January 2020

We are consulting with professional associations and industry representatives on this product.

To seek feedback from trusted advisors of the ATO on a product to assist case officers and generate understanding of the administration of the penalties within the broader superannuation community.

The purpose of the practice statement is to provide guidance on:

• when an entity becomes liable to one or more administrative penalties under the Superannuation Industry (Supervision) Act 1993 (SISA)
• which entities are liable to pay the administrative penalty
• the Commissioner's remission considerations; and
• objection, review and appeal rights.

• Professional associations
• Industry representatives

PAGSEO@ato.gov.au

May 2019

December 2019

Implementation information, documents and forms continue to be available on Let’s TalkExternal Link for Super Funds to review and provide feedback on. Additional documents may be added for review and feedback over the next month, as required.

To:

• build on the work the ATO completed with the Super Measures Group to resolve issues and understand industry readiness for Protecting Your Super (PYS)
• work closely with stakeholders and provide answers to the issues raised to assist the industry to be ready for the 30 June 2019 commencement date.

To provide guidance to trustees on the administration of the changes under the PYS package and give trustees an opportunity to provide feedback on the implementation material.

Superannuation funds

Louie Markovski, Director, Protecting Your Super project team
pysproject@ato.gov.au
Phone (03) 9275 5333