Last month, Treasury Laws Amendment (2018 Measures No. 4) Bill 2018 received Royal Assent, giving the commissioner power to issue a direction to an employer to pay an outstanding super guarantee liability, with failure to comply possibly resulting in criminal penalties.
The Commissioner can also direct employers to undertake an approved course relating to their superannuation guarantee obligations where the Commissioner reasonably believes there has been a failure by an employer to comply with those obligations.
The Tax Office has now revealed details of the course, spanning 8 modules and an assessment.
The course is expected to take approximately 2 hours to complete and does not have to be completed in one sitting.
Clients who are directed to undertake the course must also achieve a score of 80 per cent or higher to receive a certificate of completion, which must then be sent to the ATO for verification.
The modules will cover key obligations and responsibilities that employers need to know, including:
- the importance of paying super guarantee;
- the circumstances where super guarantee is payable;
- the steps to set up super guarantee; how to calculate super guarantee;
- when and how to lodge and pay super guarantee;
- what to do when a super guarantee payment is late or missing; and
- record-keeping requirements for super guarantee.
An employer who fails to comply with the direction within the specified time period is liable to an administrative penalty of five penalty units.
You can view the online course and assessment here.