Several revisions from the Treasury Laws Amendment (2018 Measures No.4) Bill 2018 took effect from 1 April 2019 to step up employee entitlements.
These measures are designed to help reduce the super guarantee (SG) gap, protect employees’ super entitlements and strengthen the ATO’s ability to recover unpaid super.
Changes to disclosure laws will now allow the ATO to disclose information to employees about an employers’ failure to meet SG obligations. This will also allow for the ATO to reveal their processes involved in retrieving these amounts.
Additionally, a free voluntary online education course is now available to help employers understand and meet SG obligations. Education directions permit the ATO to instruct employers who don’t meet their SG obligations to complete the online education course, which includes an assessment element.
The revisions have strengthened debt collection mechanisms, making it easier for the ATO to identify and correct mistakes. They are now able to:
- Specifically direct employers to pay unpaid SG.
- Hold business owners liable for amounts owing through enhanced director penalties.
- Apply for a court order to compel an employer to comply with a security deposit requirement.
If you are an employee or employer and have any questions about the information above please contact the team at Abbotts – we are more than happy to assist you. You can reach us by email (firstname.lastname@example.org) or telephone ((08 9321 2642).