Superannuation Compliance and Remediation
On Wednesday 5 April 2017, the University of Wollongong announced its commitment to fully remediate errors made in superannuation contributions paid on behalf of some current and former employees since 1 July 2009 and to take action to prevent a recurrence.
The Superannuation Compliance and Remediation Project will:
- oversee the remediation of superannuation under-contributions to current and former employees
- ensure UOW payroll systems and associated business processes are made fully compliant
- develop and introduce controls that will prevent a recurrence of these errors.
We aim to have all superannuation remediation completed by the end of the 2016-17 financial year.
This page provides the latest information about the project’s progress and the University’s actions to ensure current and former employees receive the superannuation contributions to which they are entitled.
6 June 2017 - Superannuation Compliance and Remediation Project update
Following the Vice-Chancellor's announcement of 5 April 2017 regarding the review of superannuation entitlements from 1 July 2009 UOW has, with the help of Deloitte, thoroughly investigated these anomalies to quantify both underpayments and overpayments of employer superannuation contributions.
UOW has determined that it will not recover accidental over contributions made on behalf of employees as a result of these errors.
All current staff identified as having an underpayment in their employer superannuation contributions will be notified by email on 13 June 2017 and all current and ex-employees, who have registered updated contact details, will receive a personal letter identifying the amounts of the underpayments and interest before 30 June 2017.
The remediation project is on track and a number of changes are being made in the pay of 15 June 2017 to ensure correct superannuation payments going forward. In addition to these changes appropriate control measures are being implemented to maintain the remediation and ensure UOW’s continued compliance.
Frequently Asked Questions
Got questions? Find the answers on our FAQ page.
If you have other questions, please call the UOW Superannuation Assistance Line between the hours of 8am and 6pm Monday to Friday on 1800 501 895.