Friday, May 3, 2019

A third of workers ripped off by bosses in "unpaid super epidemic", Industry Super Australia warns

A third of Australian workers are still being ripped off on their superannuation entitlements with rogue employers pocketing almost six billion dollars to fatten up their own books, according to a report out today. 

Research commissioned by Industry Super Australia based on Australian Tax Office data has found that 2.8 million workers were shortchanged with an average underpayment of $2070 a year. 

What's been described as "unpaid super epidemic" defies action in recent years by the ATO  to crack down on loophole used by unscrupulous employers. 

Industry Super Australia chief executive Bernie Deane spoke with ABC's Peter Ryan. 

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