Fair Work Ombudsman responds to fears of payday super compliance crackdown
The Fair Work Ombudsman has downplayed fears of a payday super penalty avalanche engulfing small businesses trying to do the right thing.
With just days to go before payday super begins, the Fair Work Ombudsman (FWO) has addressed fears of a penalty avalanche engulfing small businesses trying to do the right thing.
Payday super, which aligns regular superannuation guarantee contributions to the payment of regular wages, begins on July 1.
The Australian Taxation Office (ATO) will be payday super’s lead enforcer, and has the power to level significant penalties on businesses that fall short of their obligations.
But the tax office says it will not hammer businesses that quickly identify and fix honest mistakes made over the first year of payday super.
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