Sheppard Hanson & Co, Tax Accountants, Cannon Hill, Tingalpa
Written by Sheppard-Hanson-Accountants on September 24, 2018 in Practice Updates

The proposed superannuation guarantee (‘SG’) amnesty is a one-off, 12-month opportunity to self-correct past non-compliance (ie., from 24 May 2018 to 23 May 2019).

It will apply to previously undeclared SG shortfalls for any period from 1 July 1992 up to 31 March 2018.

The ‘carrot’ currently on the table is that employers who voluntarily disclose previously undeclared SF shortfalls during the amnesty (i.e., importantly, before the commencement f an ATO audit will:

Read more:  Practice Update September 2018 Newsletter.pdf

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