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  • Missed or underpaid super amounts?

    2 February 2021

    Business downturn due to COVID-19 may be affecting your business and you may have missed, or not paid in full, regular payments.

    This includes your employees' super guarantee (SG) for the quarter ended 31 December 2020.

    By law, we can't extend the due date to pay super.

    To meet your obligations, lodge a Superannuation guarantee charge statement to us by 1 March 2021 (as 28 February falls on a Sunday), even if you can't pay in full. Doing this will mean you avoid penalties and we can work with you to set up a payment plan that suits your circumstances.

    The super guarantee charge is different from the regular contributions you pay and comprises:

    • SG shortfall amounts
    • interest on those amounts (currently 10%)
    • an administration fee of $20 per employee, per quarter.

    You lodge a statement through the Business Portal by either:

    • using the super guarantee charge calculator
    • completing the super guarantee charge spreadsheet and sending it via the mail function.

    Significant penalties can apply if you don't lodge a statement by the due date.

    For help contact our Emergency Support Infoline on 1800 806 218 or speak with your tax adviser.

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