Latest Accounting News

ATO claws back $850m in unpaid SG in FY 17-18

Compliance activities undertaken by the ATO in the 2017-18 financial year saw the ATO raise around $850 million in unpaid super entitlements.

       

 

Compliance activities undertaken by the ATO in the 2017-18 financial year saw the ATO raise around $850 million in unpaid super entitlements.

ATO deputy commissioner, superannuation, James O’Halloran said that during the 2017-18 financial year, the ATO received around 31,000 employee notifications and contacted approximately 24,000 employers.

“We also completed 19,000 employee-generated cases. Additionally, we initiated a further 13,000 SG audits and reviews based on our risk modelling. Total liabilities raised by this casework were approximately $850 million,” said Mr O’Halloran.

 

Miranda Brownlee
25 October 2018 
smsfadviser.com

Use this to send us your files securely

30 Rowan Street, Wangaratta VIC 3677
Phone 03 5721 6766
Fax 03 5721 6584
Email enquiry@obts.com.au
ABN 85 922 198 593