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  • Superannuation Guarantee Amnesty announced

    On 24 May 2018, the Minister for Revenue and Financial Services announced the beginning of a 12-month Superannuation Guarantee Amnesty (the Amnesty) and introduced the associated legislation to parliament. The legislation is intended to apply retrospectively once enacted.

    The amnesty is a one-off opportunity for employers to self-correct past super guarantee (SG) non-compliance without penalty. The Amnesty will be available from 24 May 2018 to 23 May 2019.

    Under the Amnesty, catch-up payments are tax deductible and you will not face penalties and charges that may otherwise apply to late payments.

    To be eligible for the Amnesty, you must disclose your SG shortfall amount including nominal interest to us within the 12 -month Amnesty period.

    If you are subject to an audit of your SG you cannot take advantage of the Amnesty for those periods.

    If you are not up-to-date on your SG obligations and do not come forward during this time, you may face harsher penalties in the future.

    To take advantage of the Amnesty, you need to:

    Completed forms need to be lodged electronically through the Business Portal or by a tax or BAS agent.

    Next steps

    Read more information about the Superannuation Guarantee Amnesty.

    If you need to get your SG payments up to date, complete and lodge your Super Guarantee Amnesty form through the Business Portal.

    See also

      Last modified: 07 Jun 2018QC 55930