Pay staff super on time or face personal penalties!
If your company doesn’t pay super on time for employees (and some subcontractors), directors become personally liable to make the payment.
ATO says: Company directors are responsible for ensuring their company’s tax and super obligations are reported and paid on time.
If your company has an overdue debt, and doesn’t pay the amount owing or make other arrangements, we (ATO) may issue a director penalty notice (DPN).
April – June super must reach the fund of your team on or before 28th July – it takes longer than you think to arrive, so authorise the payment now!
July 19, 2024
