The Federal Government’s SG Amnesty expires at 11:59pm on Monday 7 September 2020.

The amnesty allows eligible employers to disclose and pay Superannuation Guarantee Charge (SGC) amounts owing from 1 July 1992 to 31 March 2018, without incurring penalties or administration fees. In addition, SGC payments made by employers during the amnesty period (24 May 2018 to 7 September 2020) are tax deductible.

The ATO has previously advised that even where employers are unable to pay the amount owing, the ATO will work with employers to set-up a flexible payment plan to ensure they continue to enjoy the benefits of the amnesty.

To participate in the amnesty, eligible employers are encouraged to apply before 11:59pm on Monday 7 September 2020.

For further details on the SG Amnesty, including the application process, please refer to the following ATO summary and links.

Superannuation Guarantee (SG) Amnesty