Highlights of the super guarantee (SG) annual employer compliance results for the 2023–24 financial year are:
- Employers are paying more than 92.4% of the SG they are required to, without intervention from us.
- A total of $1.91 billion in superannuation guarantee charge (SGC) liabilities was raised through ATO compliance, proactive reminders and prompts, and employer voluntary disclosures of unpaid SG, for over 1.13 million employees.
- $932 million was distributed to employee funds and individuals from liabilities raised for current and prior financial years, for 797,000 employees.
- Approximately 23,600 SG cases were finalised, resulting in $659 million SGC liabilities and $300 million in Part 7 penalties being raised.
- 167,000 employers received our proactive actions including reminders and prompts to check their obligations, raising $240 million in SGC liabilities.
- We sent 100,000 reminders to employers.
- We sent 67,000 prompts to employers
- Employers made voluntary disclosures of unpaid super, resulting in around $539 million in SGC liabilities being raised.