New Super Laws Make Directors Liable

Posted on Nov 21, 2012 | 0 comments

SMSF

Under new laws directors are now personally liable for their company’s unpaid super guarantee charge.

“These new laws protect peoples’ retirement incomes from employers who deliberately try to avoid their superannuation obligations,” said Tax Commissioner Michael D’Ascenzo.

“If you are a director whose company has not paid the super guarantee for the June quarter and your company does not lodge the overdue SGC statement with the ATO by 28 November, the only way to avoid your personal liability will be to pay the outstanding SGC.”

If this applies to you or if you have concerns about meeting future requirements don’t hesitate to call us – we can help.

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