Extra super contributions?

Well, i guess someone wont be getting anymore bonuses going forward after they report their boss to fairwork and the ato lol... 9.5% on $0 is $0...

 

You are overthinking how these things work. Fair Work dont investigate a specific issue. They conduct a full review and also include the specific employee issue. They will look at how payroll is administered, paid, records, payslip history and details as well as issues like underpaid super, overtime, allowances and a range of matters. Its a process used for workers comp audits, tax reviews etc.

The ATO also do this with GST audits. You often never know what they are really looking for and they will rarely tell you why. If people have poor compliance practices with one issue they often have other issues. They review a range of matters including payroll, cash handling and quote processes etc.

Doesnt mean its a penalty issue. Its often a case of education and correction. If they are in breach then the employer should be looking at their poor HR compliance rather than blaming the employees. Otherwise you are blaming and discouraging victims

 

Update -

Treasury Laws Amendment (Enhancing Whistleblower Protections) Bill 2018 has been passed. This law allows SUPERFUNDS, staff and others to dob in employers. It also may expand further so if certain parties report non-compliance with ANY tax laws to the Commisisoner or other agencies (like Fair Work) they CANNOT be victimised etc. Hefty penalties and damages can apply to the person named as a whistleblower if Fair Work did tell the employer. Ouch......Policies in agencies are being enhanced now so that staff never disclose any identification to harm a whistleblower.

This law strengthens the protectiosn to staff who dob in dodgy employers who dont pay super or who avoid tax etc

https://parlinfo.aph.gov.au/parlInf.../toc_pdf/1729120.pdf;fileType=application/pdf

 

Very good. This employer potentially has some other rather dodgy practices so this could open a can of worms.

 

For those buying their first home you can now contribute extra to super via salary sacrificing and use it for a deposit on your property. It's worth checking out the ATO website

 

This option is likely to disappear under the ALP and does provide a good strategy when its complex rules are understood. Up to $15K per year PLUS earnings and thats per owner. Can be $60K + per couple.

A good worked example here : https://hostplus.com.au/2018/fhsss

I would question how they will allow a person who has commenced setting the funds aside to withdraw if they do can the scheme.

 

Just to make it more complex, they'd probably grandfather it.