The Australian Taxation Office (ATO) are now using Single Touch Payroll (STP) data to match superannuation obligations against SuperStream payment details and quickly find employers who are not paying or late paying super.

In recent months, we've seen the ATO initiate a number of Superannuation Guarantee Audits against employers who've failed to pay super on time.

What do you need to do?

Superannuation Guarantee is a mandatory 10.5% (increasing to 11% on 1 July 2023) superannuation payment on most types of wages. It needs to be paid no later than 28 days following the end of each quarter into a complying superannuation fund, using an approved payment gateway.

How Can You Protect Yourself?

Making sure you stay compliant is pretty easy. Here's the two important steps:

1. Make sure that your payroll system is set up to calculate super at the correct rate on the correct payment types. If you need help, consider asking us to undertake a review of your payroll system.

2. Use the inbuilt super reporting system in your payroll software to lodge and pay on time, or ask us to lodge your super for you each quarter to be sure it's done on time.



Need More Info?

If you need more information about superannuation, you can visit the ATO's Super for employers hub, or book a time to talk to us.