Minister for Revenue and Financial Services, Kelly O’Dwyer, today announced the introduction of a new bill to complement the existing SG integrity package to compel employers to pay any unpaid superannuation in full.

The amnesty will set aside employer penalties for late payment that are normally paid to the government, with employers needing to pay all super that is owed to their employees, including the rate of nominal interest.

Subject to the passage of legislation, the amnesty will run from 24 May 2018 to 23 May 2019.

Employers who do not utilise the one-off amnesty will face higher charges, including a minimum 50 per cent on top of the SG charge they owe.

Further, the ATO will continue its enforcement activity against employers who do not own up voluntarily to their historical obligations.