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Superannuation Guarantee Charge Refresher Series

Tuesday, 4 August 2020 - 1:00 PM to
Tuesday, 11 August 2020 - 2:00 PM
Online AEST
Event Coordinator: kathyxu@taxinstitute.com.au
     

Registration Time: 12:30:00 PM

Member Price: $140.00

Non Member Price: $180.00

CPD hours:2.00

Do you fully understand the Superannuation Guarantee regime?

The Superannuation Guarantee (SG) Amnesty has refocused attention on the requirement for employers to meet their SG obligations. Even after 28 years, the rules continue to confound advisers, and many employers find the rules challenging to understand and comply with. Non-compliance is met with severe and multiple penalties. Recent case law has also shone a light on the perennial classification issue of employee versus contractor.

Tuesday, 4 August - Part 1: Understanding the SG Amnesty

The first session of this series will focus on the SG Amnesty. The discussion will cover:

- Background to the SG regime

- Components of the SG charge and penalties: what can be remitted by the ATO and what cannot

- Availability of the SG Amnesty

- How do you make a disclosure to the Commissioner?

- Is a payment arrangement with the ATO possible?

- Practical issues with the SG Amnesty

Tuesday, 11 August - Part 2: Understanding the fundamentals and the interaction of the SG Regime with other rules

This second instalment in this series will revisit the fundamental rules and concepts that underpin the Superannuation Guarantee (SG) regime and consider how the SG rules interact with other parts of the tax law. The discussion will cover:

- Who is an employee for SG purposes? (employee versus contractor)

- What is Ordinary times earnings versus Total salary and wages?

- Director penalty regime

- Salary sacrifice arrangements

- Interaction with Single Touch Payroll reporting

- SG for closely held payees

- Employees with multiple employers

- Maximum contribution base and concessional contributions cap

- Critical dates when using superannuation clearing houses