Superannuation funds now provide information to the ATO when they receive superannuation guarantee (SG) contributions for employees. The ATO is using this information, as well as Single Touch Payroll (STP) reporting, to identify employers who have paid some or all of their super contributions late or haven’t paid the right amount by the due dates, for their employees.

If an employer is not meeting their SG obligations, misses paying SG on time for one or more of their employees, they must pay a Super Guarantee Charge (SG Charge) to the ATO. They must complete and submit a Super Guarantee Charge statement (SGC statement) for each quarter they missed paying SG on time.

The SGC statement will help calculate the SG Charge. This amount must be paid to the ATO.

The SG Charge is made up of:

› unpaid or late SG amounts (now calculated on the employee’s salary and wages, including overtime)

› interest on those amounts (currently 10%)

› an administration fee of $20 per employee per quarter.

They now have a SG Charge liability for the period.

Please note the employer still must complete the SGC statements and pay the amount to the ATO even if they have already paid the late or missing SG to their employees’ funds for these quarters.