Superannuation Guarantee (SG) Amnesty introduced earlier in the year is nearing its deadline date of the 7th of September 2020.

Under the amnesty, an eligible employer will need to lodge their SG amnesty form to the Australian Taxation Office (ATO) by the deadline date. The SG amnesty form will detail any SG shortfall for employees from 1 July 1992 to 31 March 2018 which had not been previously disclosed.

Employers who are already being reviewed by the ATO for SG shortfall or if they disclose an SG shortfall for an employee not previously disclosed to the ATO, will be excluded from the amnesty.

There is a tax deduction available for the payment of the shortfall, however the payment must be made by the 7th of September 2020. The ATO will however offer flexible payment arrangements to help employers who may be faring adversely from COVID-19.

Any employer who does not rectify their SG shortfall will be levied a penalty of 100% of the amount of SG charge payable, where the employer did not disclose the shortfall as part of the amnesty.

No excess contributions tax nor any Division 293 tax will be levied on an employee who receives additional contributions as part of the amnesty.

To further discuss this matter, please contact Daniel Shaw; Superannuation Specialist and Principal on 03 9098 4299, or via email with

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