The ATO have published their 2021/22 year in review for super compliance.
Of the $550m in Superannuation Guarantee Charge that was collected from employers as a part of ATO as part of compliance actions, interestingly, only 13.8% relate to ATO initiated cases for unpaid super, 87% relates to investigations into employee complaints of unpaid super.
Given the SG gap is still estimated to be approximately $3.4 billion annually based on FY20 figures, and following the ANAO report into the ATO’s effectiveness in managing SG non compliance, it will be very interesting to see the FY23 figures. Especially given recent ATO communications that STP2 data will be used as part of data matching strategies for SG compliance.
