Thursday, October 17, 2019

Ripped off on your super? The Tax Office is targeting bosses who hold back super guarantee

Bosses who deliberately withhold compulsory superannuation payments to their staff are being warned by the Australian Tax Office to end the rip-off or face steep fines. 

Reminder emails are being sent to to 4,000 employers with a track record of late super payments and another 500 bosses who fail to pay the right amount.

READ THE STORY HERE

The crackdown will target known offenders in the super rip-off including cafes, restaurants, clubs supermarkets, tradie subcontractors in the construction industry but also architecture, legal and advertising firms. 

Deputy Tax Commissioner James O'Halloran tells ABC's Peter Ryan that dodgy employers should fess up for face audits and penalties.

No comments:

Post a Comment

What's your view on this?