The ATO estimates that there is a $2.85 billion a year shortfall in employer Superannuation Guarantee contributions, and a total of $17 billion unpaid since 2009.

The Federal Government is introducing a package of reforms that will provide the ATO with additional funding to crackdown on employer non-compliance, enhance their power to deal with repeat offenders and strengthen employer penalties for non-compliance.

Employers are legally required to pay 9.5% superannuation guarantee to every employee over the age of 18 who earns more than $450 gross per month. On time payment of superannuation guarantee is due by the 28th day of the month following the end of each quarter.