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Understanding the Superannuation Guarantee Charge (SGC)

· 4 min read
Myaccountant Team

In the 2021-22 financial year, the ATO collected over $1 billion through its superannuation compliance activities. A significant portion of that figure came from the Superannuation Guarantee Charge — the penalty regime that applies when employers fail to pay super fully or on time. Understanding how the SGC works is essential for every Australian employer.