ATO advises employers to check super obligations

The Australian Taxation Office (ATO) is encouraging employers in the construction industry to check they are up to date with their super obligations by the next quarterly due date to avoid additional costs and penalties.

When employers don’t meet their super guarantee obligations, by paying late, not paying in full or paying to the wrong super fund, employees are entitled to notify the ATO to take action and pursue any outstanding amounts.

When the ATO receives and reviews such notifications they may alert other employees and can take firmer action including legal proceedings to recover amounts owed.

To meet super guarantee obligations, avoid additional costs and penalties, employers must pay:

• Employees’ super guarantee in full and on time
• The correct super rate of 10.5 per cent, which increased to 11 per cent on July 1, 2023
• Directly into employees’ nominated fund.

The next quarterly due date is July 28.

For more information about missed or late super guarantee payments, visit the ATO website.