64 Jolimont Street, East Melbourne VIC 3002

Accounting News

Our SG compliance results are here

Learn how we've responded to the non-payment of super guarantee (SG) in 2023–24.

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If you're an employer, you must pay your super guarantee (SG) contributions in full, on time, and to your eligible employees’ correct super fund.

If you don’t pay your employees’ super, you’ll need to pay the super guarantee charge (SGC). This will cost you more than the super you would've paid and is not tax deductible.

We're committed to taking a firm approach on the non-payment of SG and have published our snapshot of 2023–24 SG compliance actions and results.

This snapshot provides a transparent view on the compliance actions we’ve taken so that employees receive the super payments they're entitled to.

You can read the full results at Super guarantee annual employer compliance results.

Key results include:

  • Employers are paying 92.4% of the SG obligations they are required to - without intervention from us.
  • We've collected and paid $932 million of SG entitlements into the super funds of 797,000 employees.
  • Over $1.91 billion in SGC liabilities was raised from employers through ATO compliance actions and SG voluntary disclosures.
  • We've proactively contacted more than 167,000 employers, resulting in $240 million in SGC liabilities raised.
  • We've issued 8,710 director penalty notices relating to 6,500 companies as part of our firmer action response.

As an employer you need to keep good records, report accurately and pay on time.

We have a range of support resources to help you, including our simple checks for super success checklist and superannuation guarantee eligibility decision tool.

 

 

 

 

ATO
ato.gov.au



W Marshall & Associates 64 Jolimont Street, East Melbourne VIC 3002

Important: This is not advice. Clients should not act solely on the basis of the material contained in this Commentary. Items herein are general comments only and do not constitute or convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before taking any action. The Commentary is issued as a helpful guide to clients and for their private information. Therefore it should be regarded as confidential and not be made available to any person without our prior approval.