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ATO checking for late or under-paid superannuation guarantee (SG)

25.10.2019 by GTC Financial

Through Single Touch Payroll (STP) reporting, combined with improvements in super funds' reporting, the ATO now has real-time data to show employers' compliance with their super guarantee (SG) obligations.

The ATO will use this data to help prevent and correct late or under-payment of employer SG contributions.

The ATO will soon reach out by letter, email or phone to employers where they have not met their SG obligations.

This is a timely reminder to all employers that the due date date for receipt by Super Funds of September 2019 quarter superannuation guarantee contributions is Monday, 28th October.

For more information about employer superannuation guarantee obligation please click on this link.



Photo by Austin Distel on Unsplash

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