How employers can make the most of the ATO’s practice year for payday super
The ATO has put in writing that it will go easy on employers that are genuinely trying in the first year of payday super.
Since 1 July, most of what I’ve read and witnessed about payday super has sounded like a disaster movie: payments bouncing back, super funds not answering verification requests, payroll teams googling “what is a QE day” at 9pm on a Thursday.
Some of that is fair, but there’s a piece of good news that has had almost no airtime, and it’s the one every employer should know about: the Australian Taxation Office has put in writing that it will go easy on employers that are genuinely trying in the first year.
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