One-off opportunity to fix historical SG problems What to do and when to do it Avoid higher penalties that apply if you don’t use the amnesty
Parliament has finally passed legislation introducing an amnesty which allows employers to self-correct historical superannuation guarantee (SG) issues. The amnesty provides relief from some of the harsh outcomes that normally apply when SG obligations are not satisfied.
Given the complexity of the SG system and how difficult it can be to determine whether a worker is an employee, there are likely to be many businesses who have SG problems but don’t know it yet.
Crucially, the amnesty period will end six months after the legislation receives Royal Assent. This means that practitioners and clients have very little time to identify possible problems, determine the correct treatment and take practical steps in order to take advantage of the amnesty.
This webinar will bring you and your team up to speed with how the amnesty actually works and the practical issues that need to be considered when helping clients navigate this one-off opportunity.
What we cover
The SG amnesty webinar is a step by step guide to working with the superannuation guarantee amnesty in practice.
Step-by-step guide to what clients need to do in practice to take advantage of the amnesty
What clients will and won’t need to pay when fixing up SG issues under the amnesty
Situations when the amnesty won’t apply
How the penalty provisions apply to clients who don’t take advantage of the amnesty
Common problem areas when dealing with the SG system
What happens when catch-up payments cause an employee to breach their contribution cap limits
Michael Carruthers
Tax Director, Knowledge Shop
Michael oversees the development of the tax team for Knowledge Shop and Hayes Knight in Sydney and is head of the Easton group’s national tax committee.
Michael has a knack for seeing through the complexity and helping practitioners work through highly technical issues with certainty and accuracy. Michael is a member of the advisory panel for the Board of Taxation and was a member of the reference group for the Board’s review of small business concessions.
He was also an expert panel member for the Board’s review of tax impediments facing small business.
Michael Carruthers
Tax Director, Knowledge Shop
Register
Individuals
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Office
$350 Member* $390 Non-member*
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Registerand we will contact you to organise login details for your nominated staff members (generally within 24 - 48 hours).
You can also nominate a supervisor from your firm who will be able to see who has completed the webinar and where applicable, their quiz scores.
Your recording will be available for 3 months from the date of purchase and can be viewed as many times as the registered person likes within those 3 months. Once watched, your PD hours will be recorded on the personal profile of the participant.
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