The Prime Minister and the Turnbull Government has today been caught out protecting dodgy bosses who fail to pay superannuation to their employees.
Last week the Government sneakily introduced legislation that gives a 12-month amnesty to employers who pay superannuation guarantee payments that they have failed to pay since 1 July 1992.
Usually, when employers do not meet their superannuation guarantee obligations they can be liable for penalties and charges. These include a superannuation guarantee charge (which is NOT tax-deductible) and additional penalties of up to 200 percent of the amount of the superannuation guarantee charge.
The Turnbull Governments proposed changes mean an employer could have kept superannuation entitlements from an employee for more than 25 years, and will not face any penalty if they pay it back during the amnesty.
Even worse, under the Governments proposed amnesty, the superannuation guarantee charge will also be tax deductible for employers so dodgy employers get a tax break for doing the wrong thing.
The Prime Minister had absolutely no idea of these moves when asked about it by the Leader of the Opposition in Question Time today.
Only someone as out of touch as Malcolm Turnbull would reward dodgy businesses who have been robbing workers for 25 years.
Businesses who do the wrong thing and steal from workers should pay the price for their misconduct, not get another tax break from Malcolm Turnbull.
This amnesty for dodgy employers comes completely from left field, got no mention in the Budget, but was presumably a decision taken but not yet announced, and theres no recent parliamentary reports into unpaid super guarantee that has actually recommended such a measure.
Today, Labors caucus determined to amend the Governments legislation so that dodgy bosses dont get away with ripping off their workers.
Superannuation theft is just as bad as wages theft. Why should dodgy employers get away with stealing hard-earned money from their employees?
When employees steal from employers, they rightly have the book thrown at them. Why is it one rule for business and another rule for everyone else?
