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Are you confident your employer superannuation obligations have been met?
With Single Touch Payroll (STP) Phase 2 now disaggregating gross salary into far more detail than ever before, the ATO has a lot more information to review Superannuation Guarantee (SG) compliance.
Our recent STP Phase 2 reviews have highlighted a number of common errors in payroll configuration, impacting the accuracy of employer superannuation contributions.
The consequences when SG obligations are not met, or not met on time, can be up to 200% in non-deductible penalties, interest at 10% p.a. as well as an administrative charge. We therefore recommend employers conduct reviews (particularly post STP Phase 2 implementation) to get on top of any shortfalls needing to be rectified before any ATO audit activity.
In this webinar we discussed how you can ensure you are meeting your SG obligations, how to detect any errors, and how to manage the remediation process where any shortfalls have occurred.
Partner
Senior Manager - Specialist Tax
Explore how the Federal Budget 2026–27 reshapes M&A in Australia, with CGT changes, trust tax reforms and implications for deal structuring and transaction timing.
On Thursday 4 June 2026, South Australian Treasurer Tom Koutsantonis handed down the 2026-27 state budget, with a continued focus on health and housing.
In this episode of Beyond the Numbers with Grant Thornton, Corporate and International Tax Partner Vince Tropiano unpacks the changes one week on, covering what was announced, key structuring considerations and, most importantly, why a conversation with your adviser to model potential implications is the best place to start.