A staggering 6.8 per cent of the Australian workforce, or more than 690,000 workers, are losing $2.6 billion a year from employers failing to pay them some or all of their compulsory superannuation contributions.
A report released to The Australian Financial Review shows that non-compliance is growing at 5 per cent a year, bringing the accumulated losses to $44 billion by 2023.
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Adele Ferguson is a Gold Walkley Award winning investigative journalist. She reports and comments on companies, markets and the economy. Connect with Adele on Twitter. Email Adele at adele.ferguson@theage.com.au
