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Ticking deadline on SG amnesty faces worst-case scenario

The government has been urged to consider extending the superannuation guarantee amnesty as businesses move into “survival mode” to deal with the changing economic conditions caused by COVID-19.

Ticking deadline on SG amnesty faces worst-case scenario
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Ticking deadline on SG amnesty faces worst-case scenario

With the SG amnesty now legislated and running to a six-month deadline to 7 September 2020, Tax & Super Australia senior tax counsel John Jeffreys fears many businesses will not be in a position to come forward due to the economic impact of the coronavirus pandemic.

Read more at the Accountants Daily.  

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