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  • Superannuation Guarantee Amnesty

    On 24 May 2018, the government announced the start of a Superannuation Guarantee Amnesty. The Amnesty will be available retrospectively from 24 May 2018 to 23 May 2019, subject to legislation passing.

    The Amnesty gives employers a one-off opportunity to self-correct past super guarantee (SG) non-compliance without penalty. Catch-up payments made in the 12 month period will be tax-deductible.

    To be eligible for the Amnesty and avoid harsher penalties your clients must:

    • disclose their SG shortfall amount including nominal interest to us within the 12 month Amnesty period
    • not be subject to an audit of their SG for the relevant periods.

    To take advantage of the Amnesty with an added benefit of not paying any general interest charge (GIC), your clients need to:

    • make full payment of the shortfall and nominal interest to their employees' super fund (or funds)
    • complete and lodge the SG Amnesty Fund payment form.

    Alternatively, you can complete and lodge the SG Amnesty ATO payment form for your client to enter into a payment plan with us. GIC will apply.

    You need to lodge the forms on behalf of your clients through the Tax Agent Portal or the BAS Agent Portal. Go to portal Mail, select New message, choose topic Superannuation and choose the appropriate subject - Lodge SG Amnesty Fund Payment Form or Lodge SG Amnesty ATO Payment Form.

    See also

    Last modified: 29 May 2018QC 55777