The tax office will gain an unprecedented view of small business superannuation payments after legislation extending single-touch payroll was agreed upon in the Senate last week, opening up new penalties for those who don't pay their workers the superannuation guarantee.
But while the changes are designed to shore up the multi-billion dollar superannuation payments shortfall, they won’t address the deeper concerns smaller operators have about the system, says the country’s peak small business organisation.
Read more at The Age.
