Recent attempts to curb unpaid superannuation will only help one out of 10 affected individuals, says lobby group Industry Super Australia.
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.