E5. Are other Unpaid Superannuation Regulator data Agree with this indicator. leakages from Guarantee contributions However, current ATO data is poor, as demonstrated by the members’ (input) 2017 report of the Senate Economic References Committee. accounts being This measure could be largely addressed by the introduction of minimised? Single Touch Payroll, where employers submit PAYG and BAS records together with contributions information." The extent to which STP resolves unpaid SG depends on the extent of take up especially from small business, and the resources ATO is prepared to commit to pursuing unpaid super. They should - unpaid super is an early warning indicator of businesses in trouble and of unpaid taxes and potential phoenixing. E5. Are other Delayed Superannuation Regulator data As above but ATO data is likely to be even more limited leakages from Guarantee contributions members’ (input) accounts being minimised? E5. Are other Number and value of lost Regulator data Agree with this indicator. leakages from accounts (output) System wide reforms should reduce the number of lost members’ accounts. Anecdotally, a significant proportion of newly accounts being generated lost accounts stem from short term overseas visitors minimised? and workers in the cash economy.
E5. Are other leakages from members’ accounts being minimised? Unpaid Superannuation Guarantee contributions (input) Regulator data Agree with this indicator. However, current ATO data is poor, as demonstrated by the 2017 report of the Senate Economic References Committee. This measure could be largely addressed by the introduction of Single Touch Payroll, where employers submit PAYG and BAS records together with contributions information." The extent to which STP resolves unpaid SG depends on the extent of take up especially from small business, and the resources ATO is prepared to commit to pursuing unpaid super. They should - unpaid super is an early warning indicator of businesses in trouble and of unpaid taxes and potential phoenixing. E5. Are other leakages from members’ accounts being minimised? Delayed Superannuation Guarantee contributions (input) Regulator data As above but ATO data is likely to be even more limited E5. Are other leakages from members’ accounts being minimised? Number and value of lost accounts (output) Regulator data Agree with this indicator. System wide reforms should reduce the number of lost accounts. Anecdotally, a significant proportion of newly generated lost accounts stem from short term overseas visitors and workers in the cash economy.