Australians should know by the end of the year when the government will introduce a scheme to add superannuation onto government paid parental leave, once an audit of the Coalition’s spending and budget promises has been completed.
The assistant treasurer said the government needs to get a good handle on the books first, to find out what the long-term structural deficit looks like and alsothat could fund other programs. Once that audit is completed, Jones said there should be a more concrete timeline for the scheme. , using a “low-touch nudge” approach rather than proactively chasing down employers that were breaking the law.
“We need to increase the priority that the ATO attaches to collecting unpaid super, which is a debt to the Commonwealth, but it’s also a debt of $6 billion to some of Australia’s lowest-paid workers. We want to ensure that every cent of that goes to the people it’s owed to,” he said.Under the Your Future, Your Super reforms enacted by the Coalition government last year, all funds must pass an annual performance test.
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