Labor would give employees a right to chase their own super and increase ‘fines’ for under-reporting to the ATO

Key News Summary – on 16.12.18, the Shadow Treasurer announced that a Labor government would change the laws to give employees a legal right to collect their own superannuation and the Commonwealth the right to impose fines of 10% and 300% of un/under paid superannuation contributions, if there are misleading statements or under-reporting to the ATO (respectively). There is more detail below.

[Tax Month – December 2018]