Friday, 17 February 2017

Senate Economics: SG non-payment

Employer superannuation non-compliance remains a serious problem and calls for an automated and systematic response, as well as requiring more resources for managing complaints. AIST argues for ATO and Government to prioritise initiatives to address these challenges and for the success of these initiatives to be monitored and evaluated. Unfinished ATO initiatives should be reactivated, and the new initiatives of Single Touch Payroll and more regular reporting of contributions should be designed to improve compliance. Other SuperStream measures should also be given specific compliance objectives.