by PBS Partners | Dec 14, 2018 | Tax Advice
The Superannuation Guarantee Amnesty legislation has failed to pass the Senate into law. With Parliament not scheduled to sit again until February 2019 and the Federal Opposition opposed to the Amnesty, the fate of the legislation is still very much up in the air.
If passed into law, the proposed amnesty will be a one-off opportunity for employers to self-correct past super guarantee (SG) non-compliance without penalty.
The proposed amnesty is intended to be available for 12 months from 24 May 2018 to 23 May 2019.
To be eligible for the proposed amnesty you will need to have:
Periods from 1 April 2018 won't be eligible for the benefits of the proposed amnesty.