Industry Super Australia has released a report indicating that significant numbers of Australians have been underpaid superannuation. The report indicates there is $22.9 million owed to 16,707 employees across the Upper Goulburn Valley, Wangaratta, Benalla, Wodonga and Alpine. Each of those employees is owed an average of $1371.
There is a clear legislative framework for the ATO to protect employees. The legislation only works however if there is adequate resourcing for the ATO to respond quickly to all claims, large and small.
- Seconded a Bill from Member for Mayo Rebekha Sharkie in pushing for stronger superannuation entitlement protections. Cathy said the work is sensible private member's business that deserves debate.
- Sought further government action on the superannuation “emergency” affecting Indi people to the tune of nearly $23m, introducing a motion to the Parliament urging the government to adopt all 32 recommendations of a Senate report on Superannuation Guarantee non-compliance.
- A Senate Inquiry issued the report Superbad – Wage theft and non-compliance of the Superannuation Guarantee in May.
- Asked the Minister for Finance details of how many employers went out of business from 2014-16 with unpaid superannuation entitlements to employees and how the system could be strengthened. The Minister's response.
- Wrote to the Minister for Finance Kelly O'Dwyer for urgent action in line with the report’s recommendations to provide the ATO with more resources. The letter also requests the Fair Work Ombudsman be empowered to recover lost entitlements.