Following the end of the legislated Superannuation Amnesty Period which ran to 7 September 2020, the ATO released a draft Practice Statement (PS LA 2020/D1) to provide guidance to ATO staff in relation to Part 7 penalties on late Superannuation Guarantee Charge (SGC) Payments.  It notes that where SGC is paid late (i.e. after the 28th day of the month following the end of the quarter) there will be a minimum penalty of 100% of the SGC amount and a maximum of 200%.  The ATO staff will not have discretion to reduce the penalty below 100% where the employer hasn’t voluntarily come forward … Continue reading Have you paid your Superannuation Guarantee Payments Due 28 October 2020?