Chartered Accountants ANZ and CPA Australia lodged a joint submission to the Australian Parliament on Superannuation Guarantee (SG) Amnesty Extension.
In early March the Australian Parliament passed laws giving eligible employers access to an amnesty to clear up any non-compliance with the SF Laws. This is the first time employers have been offered such a law which will cease on 7 September 2020.
Our submission contains the following:
- Checking SG non-compliance is highly detailed painstaking work requiring specialised workforce
- Many businesses are focused on survival and have not had time to focus on SG amnesty
- Because of lock-down some have not been able to access archived records.