Superannuation Guarantee Amnesty

Superannuation Guarantee Amnesty

The SGC amnesty is now law and employers have only until 7 September to make disclosure to the ATO about their qualifying superannuation guarantee shortfalls.

This webinar will cover:

  • Brief overview of how the superannuation guarantee charge system works.
  • Implications of the previous bill lapsing last year and making disclosures under the previous "amnesty" that was never enacted.
  • What periods the amnesty applies to.
  • Which employers will qualify and which ones won't qualify.
  • How to apply for the amnesty.
  • Benefits of the amnesty(the carrot!)
  • What happens if the ATO has started an investigation into an employer's superannuation compliance.
  • When the SGC amounts are due under the amnesty.
  • The effect on an employee's concessional superannuation contributions.
  • Impact on other parts of the tax legislation such as research and development tactics.
  • What happens after the amnesty finishes (the stick!)

The webinar will contain a number of examples about various scenarios including what happens if:

  • The employer has already lodged a superannuation guarantee statement and there is further SGC shortfall to disclose.
  • The employer has made disclosure under the previous false "amnesty".
  • The employer has made super contributions but not lodged a SGC statement with the ATO.
  • The employer has not previously claimed a deduction for late superannuation contributions paid and some haven't.
  • Some employees have had the correct superannuation contributions paid and some haven't.
  • An employer has closed its business or terminated the entity.

Resource materials
A comprehensive and in-depth notes, together with slides, will be provided to you before the webinar. These notes will thoroughly cover the topic discussed - supplemented with charts, icons and tables to help you understand the issue better.

Member price: $150

Non-member price: $200

Presented by: John Jeffreys


As the Tax Counsel of Tax and Super Australia, John regularly assists members in dealing with Australia's tax and superannuation laws. John also does public speaking on tax topics, presents the video series "Quick Tax", prepares submissions on tax issues, and discusses higher level tax topics with members of the ATO and Treasury. He has been in the tax game for over 35 years, including being a tax partner in two of the large accounting firms and running his own business for about 10 years.

3/04/2020 12:30 PM - 3/04/2020 1:30 PM
Online, Australia

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