An automated penalty is created for directors of a company the end of the day that their obligation is due. A Director Penalty Notice (“DPN”) is issued when no payment has been received for PAYG withholding and/or superannuation (SGC) debts within 3 months of the due date for lodgement.

From 1 July 2021 the superannuation guarantee (SG) is set to increase to 10% from the current rate of 9.5%.