Submission: Superannuation guarantee integrity
ARITA strongly supports the measures in the Treasury Laws Amendment (2018 Measures No. 4) Bill 2018.
It is our view that these measures will assist with resolving the issue of employers using unpaid superannuation as an easy source of funding which arises because of the current lack of transparency around outstanding superannuation obligations.
Improved reporting will also assist insolvency practitioners and the Australian Taxation Office (ATO) in quantifying the amount of outstanding superannuation, and each employee’s entitlement to superannuation, in the event of a formal insolvency appointment.
ARITA's submission on Treasury Laws Amendment (2018 Measures No. 4) Bill 2018