Published: 24 Feb 2020
The Federal Government’s Amnesty Bill does little to fix the $6 billion unpaid super scandal or give workers the legal right to pursue dodgy bosses that have ripped them off.
The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 –known as the Super Amnesty Bill - importantly reunites some workers with their lost superannuation, but gives bosses a free pass.
Crucially the 27-year amnesty – which will soon be law after passing the Senate - recovers about $200 million for members – which is a good thing. But that is less than five per cent of the annual unpaid super bill, and the Bill does little to prevent future underpayments.
*The above material, whilst correct at the time of publication may include references or statements which are no longer current.