ASFA is again lobbying the government to boost the ATOs budget by millions to fund audit work into unpaid super entitlements.
More than half a million employees are affected by unpaid superannuation entitlements each year, according to a report released by the ASFA this week.
A 2015 report found at least 690,000 Australians lost an average $3,800 each year or nine months worth of payments for someone on average weekly earnings.
ASFA is advocating for an additional $10 million per year for the next four years to help fund the ATOs audit into businesses.
The Australian National Audit Office has found audits undertaken by the ATO have more than a 70 per cent success rate in identifying unpaid super obligations.
Money that should be g…
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