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.
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.
20 August 2018 – Former employees with remediation payments more than $4,900
Former employees who have been advised their remediation payment is more than $4,900 should confirm that the full amount of the payment has been paid to their superannuation fund. If the full amount has not been paid it may be due to the quarterly superannuation cap being applied by the ATO, which restricts payments to a maximum amount set by the ATO.
If your superannuation fund has not received the full remediation payment advised in the letter you received in July 2017 from UOW, and the advised payment is more than $4,900, please contact the Human Resources Reception Desk between the hours of 9am and 4.30pm Monday to Friday on 02 4221 5902 to receive advice on accessing the funds.
29 June 2018 – Former employees with money held at ATO with no current super fund
For any former employees who have employer superannuation remediation payments held by the ATO, a current super fund is required to access the funds UNLESS you are over 65 years old.
If you do not have a current super fund and are not yet 65 please contact Human Resources Reception Desk between the hours of 9am and 4.30pm Monday to Friday on 02 4221 5902 to receive advice on accessing the funds from the ATO.
21 March 2018 – Contributions sent to the Australian Taxation Office (ATO)
Further to the information below, the ATO is progressively processing payments made by UOW in July 2017. While the ATO has now processed some superannuation quarters between July 2009 and December 2016, the remaining quarters are outstanding. Payments are being transferred progressively to accounts so you may see a part payment in your account.
The ATO have advised that the normal procedure after superannuation payments and statements have been lodged is:
1. They are cleared and processed
2. Keying commences and the account is matched to any payment made
3. An employee identified on the superannuation statement will get a letter from the ATO advising them that a payment has been made and will be forwarded to their nominated super fund.
UOW apologises for the extended timeframe to complete the ATO processing. We recommend you allow further time before contacting the ATO to access your remediation payment. UOW will publish further communications once the ATO process has been completed.
21 November 2017 – Concessional Contributions Cap | ATO Letter
As a part of the superannuation compliance and remediation project undertaken by the University of Wollongong, the University committed to fully remediate errors made in superannuation contributions. The University is mindful that receiving remedial contributions may mean that some employees will exceed their concessional contributions cap for the 2017 / 2018 financial year. The University has been able to negotiate a positive position with the ATO that generally these remedial contributions will not count towards the concessional contributions cap.
Application to disregard the remedial contributions MUST be made by the employee. The University is unable to make the application on behalf of employees.
The ATO has provided the University with a letter for employees who have, or are likely to, exceed the concessional contributions cap due to the superannuation remediation payments received in 2017 / 2018. This letter acknowledges that generally the ATO will disregard remedial contributions and outlines the steps individuals should take to request the contributions be disregarded.
If you wish to receive a copy of this letter please contact HR reception on +61 2 4221 5902.
13 October 2017 – Contributions sent to the Australian Taxation Office (ATO)
Further to the information below the ATO is progressively processing payments made by UOW in July 2017. UOW apologises for the extended timeframe to complete the ATO processing. We recommend you allow a further two months for processing before contacting the ATO to access your remediation payment. Please check back on this website in mid-December 2017 for a status update.
8 August 2017 – Contributions sent to the Australian Taxation Office (ATO)
Former employees received letters informing them that their contribution arrears and interest had been paid to the ATO. Further information in relation to the payments is provided below:
UOW submitted superannuation guarantee contribution (SGC) statements to the ATO on 14 July 2017, remitting shortfalls identified as part of the Superannuation Compliance and Remediation project. This included shortfall amounts and interest calculated to 15/7/17. The ATO has confirmed receipt of the SGC statements.
The ATO have advised that they individually process each person’s details from the statements we have provided to them. We understand this can take some time especially when the ATO has large volumes to process. The ATO will confirm to UOW when processing is completed and we will update this website to advise former employees. We are advised that until the ATO processes your details from the statements, calls to the ATO will not be able to provide you with any information.
While we can’t speak for the ATO, we understand that monies submitted to the ATO by UOW will be processed to your most current superannuation fund details held by the ATO. Where the ATO does not hold current superannuation fund details, the ATO will contact you in due course to obtain current information. If you are unsure if the ATO would hold your current fund details it is recommended that you contact the ATO directly.
We recommend you allow about two months for processing so please check back on this website in mid-October 2017.
Frequently Asked Questions
Got questions? Find the answers on our FAQ page.
If you have other questions, please call the Human Resources Reception Desk between the hours of 9am and 4.30pm Monday to Friday on 02 4221 5902.