ASFA chief executive Pauline Vamos said research by superannuation consultant Tria Investment Partners showed there has been a “large spike in the amount of non-compliance” in relation to businesses making their employees the correct superannuation payments.
“We took that [research] to the ATO and they’ve now done a report on that – they’ve said they’ve now increased compliance but we’re not sure they’re there yet,” said Ms Vamos.
ASFA has spoken to the ATO about the resources they are contributing to compliance and how fast they respond to employees who make complaints.
“I know the ATO is sort of softening on the ability of the funds to raise the non-compliance issue with the ATO but they don’t necessarily want to take straight action,” Ms Vamos said.
“I think this is something we need to lobby on; I think the industry should very strongly advocate that funds, if they have the data, should be able to report non-compliance of employers.”