The Super Guarantee (SG) Amnesty is a one-off opportunity to correct past unpaid SG amounts.
Employers have a six-month window until 7 September to disclose, lodge and pay unpaid SG amounts for their employees.
Employers can claim deductions and not incur administration charges or penalties during this amnesty.
It’s important that you act on this opportunity now to get your obligations up to date. If you choose not to come forward during the amnesty, the costs will be significant.
To remain eligible, you must declare and pay your SG shortfalls and interest charges. Payments made during the amnesty can be claimed as tax deductions, and payment plans can be arranged.
Applications for the amnesty close at 11.59 pm on 7 September 2020.
Only payments made before 11.59 pm on 7 September 2020 will be tax deductible.
Royal Assent granted 6th March. – It is now law