Late payments
Cbus is committed to helping you meet your obligations as an employer making super contributions. Making sure you make contributions on time is important. Late payments or failure to pay contributions can disadvantage your employees and can attract penalties against you as their employer. Our requirement for monthly contributions also helps you avoid tax office penalties.
If your SG obligations are not met, the ATO will charge additional contributions, interest and fees which are not tax deductible. You can find further information about your SG obligations on the ATO website.