Original article by Joanna Mather
The Australian Financial Review – Page: 5 : 29-Aug-17

The Australian Taxation Office estimates that workers are missing out on around $A2.85 billion worth of superannuation payments each year. The ATO contends that the gap between what workers should receive under the superannuation guarantee rules and what they have actually received is due to factors such as unscrupulous employers and firms going into liquidation. Its figure is significantly lower than the $A5.6 billion estimated by Industry Super Australia. The Senate Economics Committee recently called for greater fines for employers found not to be complying with superannuation guarantee rules.

CORPORATES
AUSTRALIAN TAXATION OFFICE, INDUSTRY SUPER AUSTRALIA PTY LTD, AUSTRALIA. SENATE STANDING COMMITTEE ON ECONOMICS, AUSTRALIA. DEPT OF FINANCE