Superannuation: Common Mistakes Made by Employers

The ATO has reminded employers of their superannuation obligations and has set out common mistakes they are seeing, including:

• Paying insufficient super contributions for eligible employees
• Missing the quarterly cut-off dates (28 October, 28 January, 28 April, 28
• July)
• Not understanding that in some circumstances super should be paid for contractors, even if the contractor quotes an ABN
• Not keeping accurate records
• Not lodging a Superannuation Guarantee Charge statement if they have not paid their employees' super to the fund by the due date or don't pay the correct amount
• Not passing on an employee's tax file number to their super fund. Employers must provide their employee's tax file number to their super fund within 14 days of receiving it. If they don't, the employee's super contributions will be subject to extra tax and may not be accepted by the super fund (and the employer may also be penalised).

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