Time is running out for employers to apply for the superannuation guarantee (SG) amnesty and catch up on past unpaid super, without incurring a penalty or paying administration fees. Any overdue super paid before 7 September 2020 are also tax deductible.
The amnesty applies to any unpaid super for the period 1 July 1992 to 31 March 2018.
Applications to participate in the amnesty must be received by the ATO 7 September 2020.
To be eligible for the amnesty:
the unpaid super must be for a quarter between 1 July 1992 and 31 March 2018
the shortfall cannot have already been advised to the ATO
the ATO cannot already be examining the shortfall.
If you cannot pay in full, the ATO will work with you to set up a flexible payment plan to ensure you continue qualifying for the benefits of the amnesty.