Login
iscover
Compliance activities undertaken by the ATO in the 2017–18 financial year saw the ATO raise around $850 million in unpaid super entitlements.
Newsletter
$850m in unpaid SG recovered in FY17–18
26 October 2018
•
8 minute read
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
ATO deputy commissioner, superannuation, James O’Halloran said that during the 2017–18 financial year, the ATO received around 31,000 employee notifications and contacted approximately 24,000 employers.
“We also completed 19,000 employee-generated cases. Additionally, we initiated a further 13,000 SG audits and reviews based on our risk modelling. Total liabilities raised by this casework were approximately $850 million,” said Mr O’Halloran.
From the beginning of this financial year, Mr O’Halloran said the ATO has begun undertaking additional SG casework using the funding provided from the government for the SG Task Force.
“We’ve completed 537 cases and raised $22.8 million in liabilities, including $3 million in penalties,” he said.
“We’re on track to close over 2,600 cases, raising about $130 million in 2018–19.”
You are not authorised to post comments.
Comments will undergo moderation before they get published.