The assistant treasurer said the government needs to get a good handle on the books first, but ensuring the tax office collects unpaid super is also a high priority.
Australians should know by the end of the year when the government will introduce a scheme to add superannuation onto government paid parental leave, once an audit of the Coalition’s spending and budget promises has been completed.
The assistant treasurer said the government needs to get a good handle on the books first, to find out what the long-term structural deficit looks like and alsothat could fund other programs. Once that audit is completed, Jones said there should be a more concrete timeline for the scheme. , using a “low-touch nudge” approach rather than proactively chasing down employers that were breaking the law.
“We need to increase the priority that the ATO attaches to collecting unpaid super, which is a debt to the Commonwealth, but it’s also a debt of $6 billion to some of Australia’s lowest-paid workers. We want to ensure that every cent of that goes to the people it’s owed to,” he said.Under the Your Future, Your Super reforms enacted by the Coalition government last year, all funds must pass an annual performance test.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Back where it belongs’: police association praises portfolio shiftAttorney-General Mark Dreyfus will assume responsibility for the Australian Federal Police as Labor unwinds a law and order super portfolio under Peter Dutton.
Read more »
‘I’m not a person who wants to create drama’: Why Haas shelved contract talksIf there’s one message Payne Haas wants to share since putting contract talks on hold, it’s that he’s more concerned with performance than his pay cheque.
Read more »
ASIC will miss Cathie ArmourOPINION: The commissioner left the corporate regulator this week after almost a decade of public service. She leaves a strong legacy.
Read more »
US Justice Department could be zeroing in on Trump lawyers, experts saySubpoenas for information on Rudy Giuliani and John Eastman’s roles in the fake electors scheme were issued in April
Read more »
Crusaders end Reds’ Super Rugby seasonA wobbly scrum has cost an audacious Queensland Reds in their Super Rugby Pacific quarter-final defeat to the Crusaders in Christchurch.
Read more »