Recovering Unpaid Superannuation
The Australian Taxation Office (ATO) has substantial powers to investigate underpayment of super and penalize employers who do not comply.
After discovering unpaid superannuation, reporting the issue to the ATO is the right course of action, according to Michael Hallinan, special counsel at SUPERcentral.
The ATO will investigate and work to recover the owed amount.
In cases where ownership changes have occurred, the situation may be more complex, but the ATO will still work to retrieve the unpaid super.
Next Steps
- Allow the ATO to complete their investigation
- The ATO will work to recover the owed amount
Author's summary: Recovering unpaid superannuation involves reporting the issue to the ATO.