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Employers won’t be liable for clearing house glitch: ATO

Adam Zuchetti
Adam Zuchetti
24 April 2018 1 minute readShare
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Employers will not be held liable for problems associated with the Small Business Superannuation Clearing House system, the ATO has said, with the problem now resolved.

In a statement, the Tax Office said it was aware of problems with the clearing house (SBSCH) that delayed the processing of payments to some employee super funds.

“We have worked closely with super funds to resolve these issues [and] can now confirm that issues impacting the allocation of payments have been resolved and all payments are now with funds,” said the ATO.

Employers were reassured that they would not be fined for late payment resulting from the glitch.

“We confirm that where an employer has made a payment to the SBSCH by the quarterly due date they are considered to have met their obligations under the Superannuation Guarantee (Administration) Act 1992,” it said.

“This is irrespective of any delays in crediting amounts to employee superannuation accounts.”

Penalties will also not be imposed on employers who face difficulties transitioning to or accessing the new system for contributions due to be paid by 28 April.

“This is provided the employer had funds available to pay their SG liability by the 28 April due date; took all reasonable steps to make the payment; and made the payment promptly once the ATO system or access issues were resolved.”

More information on the SBSCH can be found on the ATO website.

Employers won’t be liable for clearing house glitch: ATO
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Adam Zuchetti
Adam Zuchetti

Adam Zuchetti is the former editor of MyBusiness and a senior freelance media professional, specialising in the fields of business, personal finance and property. In 2020, he also embarked on his own business journey – inspired in part by the entrepreneurs and founders he had met through his journalistic work – with the launch of customised pet gifting and subscription service Paws N’ All.

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