Blog
High Risk Industries Targeted For Super Obligations
- Tuesday, March 11, 2014
The ATO has identified that employers in the following industries have a higher risk of not meeting their super obligations:
- hairdressing and beauty;
- clothing retailing; and
- management advice and consulting.
The ATO is currently running an education campaign for business owners in these industries to help them better understand their super obligations.
Further, from July 2014, it will be undertaking audits of employers who continue to not meet super obligations for their employees – including:
- paying their minimum super contributions
- quarterly (or lodging an SGC statement);
- offering employees (and some
- contractors) a choice of fund;
- keeping accurate records; and
- passing on an employee's TFN to their super fund as required.
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