SGC: remission of additional penalty post-amnesty – PS LA 2021/3

Practice Statement PS LA 2021/3 was finalised by the ATO on and with effect from 25 November 2021, sets out the ATO’s revised decision-making principles for remitting the additional superannuation guarantee charge (SGC).

PS LA 2021/3 sets out a 4-step penalty remission process, which ATO officers must consider in making a remission decision. The ATO says that the revised 4-step process is aimed at recognising the “full range of compliance behaviours” in SG matters and differentiates between good compliers and repeat offenders.