Tax office concedes only payday super will stop workers from being short-changed
Published: 22 Feb 2022
The unpaid super regulator has conceded it is fighting a losing battle against the $5 billion a year unpaid super rip-off because employers are able to pay entitlements quarterly.
ATO Commissioner Chris Jordan told a Senate Inquiry that loose laws that allows super to paid only four times was making enforcement harder for the regulator.
Mr Jordan – whose office only reclaims about 12% of the unpaid super bill each year - said that the tax office often had to wait three months before it could action an unpaid super complaint and because super payments were delayed it was difficult for his office to launch pro-active investigations.1