Unpaid Super

Unpaid Super

Around 2.4 million or almost one third of Australian workers eligible for super are missing out on some or all of their entitlemen

Under the Superannuation Guarantee (SG) employers must contribute 9.5 per cent into the super account of every worker over the age of 18 earning $450 a month.ts, and little is being done about it, a new report reveals.

But, using official ATO and ABS data, Industry Super Australia and Cbus have conservatively calculated that rogue employers are dodging compulsory superannuation payments to the tune of $3.6 billion a year (2013-2014). This equates to $1,489 or almost four months of super for the average worker affected.

The Parliament has established a Senate Inquiry to look into unpaid super. You can make a submission to the inquiry here. 

Industry SuperFunds are pressuring the government to make the system better by providing more resources to get employers paying super as they're supposed to and closing loopholes in the law.

You can help out by adding your voice, letting the Senate Inquiry know that employers dodging super payments is unfair and should be stopped.

SUBMIT YOUR STORY HERE

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Report
Overdue: Time for action on unpaid super
Report

Overdue: Time for action on unpaid super

Two new reports suggest retirement incomes are being undermined by employers who are not meeting their Superannuation Guarantee (SG) obligations on behalf of wo...

Date 05/12/16 Read more >
Media Release
One third of Australians short-changed on super, new report finds
Media Release

One third of Australians short-changed on super, new report finds

Around 2.4 million or almost one third of Australian workers eligible for super are missing out on some or all of their entitlements, and little is being done a...

Date 05/12/16 Read more >
Media Release
Average Earners Hurt By Loophole That Allows Employers To Pocket Benefits Of Salary Sacrifice Super
Media Release

Average Earners Hurt By Loophole That Allows Employers To Pocket Benefits Of Salary Sacrifice Super

New analysis of ATO data reveals nearly two thirds of those affected by a loophole that allows employers to effectively pocket some or all of benefits of employ...

Date 06/12/16 Read more >