Superannuation guarantee amnesty
Superannuation guarantee amnesty has been ended on 7 September 2020.
Brief about Super amnesty:
-. You had a chance to pay out for the unpaid super liabilities for missing super obligation in past years.
-. In General, You can not claim unpaid super liability for your business deductions.
-. AND late payment is not deductible for your business.
-. However, Under this Super Amnesty Bills, You are able to claim for the late super payment on your business.
-. Plus, Penalty & Interests may exempt under this bill, as long as you pay for the agreed period with ATO.