Super guarantee amnesty ends on 7th September

Super guarantee amnesty ends on 7th September

Don’t wait until it is too late. This is the final call for all employers to apply for the super guarantee amnesty before tougher penalties apply. Note there are no extensions available.

As reported in March, the long-awaited superannuation guarantee amnesty bill passed both houses and received royal assent. This super guarantee amnesty provides for a one-off amnesty to encourage employers to self-correct historical super guarantee non-compliance dating from 1 July 1992 to 31 March 2018.

Note payment plans are available if you want to apply but don’t have the funds to pay right now. Additionally, any amnesty payments made before 7th September 2020 are tax-deductible.

If you need assistance, please get in touch with the team at PrimeAccounting on 02 9415 1511 or email reception@primeadvisory.com.au.

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