A Senate Committee is conducting an enquiry into the problem of the non-payment of superannuation by companies.
The enquiry is concerned that company directors should not be trusted to pay super contributions monthly or quarterly, and that it should be extracted at the source – before it is used to cashflow the operations of the business.
The enquiry will also consider the same in respect of PAYGW.
The Committee’s justification for the single touch payroll proposal is to combat harmful phoenix activity.
Do you believe PAYGW and Superannuation Payments should be Remitted when Payroll is Processed?
Source: Murrays Legal