Industry Super Australia public affairs director Matt Linden stated that while progress is clearly being made, a tougher line of action is much needed.
“Every month that passes without a comprehensive solution to unpaid super, millions of Australians are being shortchanged on their retirement savings,” he said.
He also added that the ATO has not yet come to terms with the extent of the problem despite having the technology to easily identify potentially-underpaying taxpayers.
Cbus Super and Industry Super Australia released an exposé on the multibillion-dollar worker manipulation scheme last December 2016.
Everyone knows the industries who are the problem here, building, retail and hospitality. All these industries are dominated by unions and union funds. How about the unions actually do something here. They are more than happy to take union fees from their members, not so quick to actually do something for these fees. Wait is that fee for no service?
Maybe employers are reluctant to pay super on time to CBus, REST, Hostplus, Australian Super, SunSuper etc because they know it will be used for union purposes.
Stupid comment is STUPID!