Outstanding super contributions are rarely a priority for insolvency administrators. That's why it's even more important to protect your member's interests if their employer's business collapses.
Australian business insolvencies grew 30% in 2022, as Government stimulus packages ended and interest rates started to climb. That growth is expected to continue – leading to potential financial insecurity for many more Australian employees if their employer fails to make outstanding super payments.
During this stressful period, unpaid super is not the first thing on the employer’s mind. That’s why IFS has a dedicated team of insolvency specialists. We can act in your members’ interests to make sure super entitlements are correctly calculated, prioritised as a creditor, and paid. Which means one less thing for your members to worry about during a difficult time.
What we offer
If an employer is no longer trading, and is under administration or liquidation, our specialist team can represent the Trustee in meetings with the administrator.
We will actively advocate for your members, and pursue the recovery of outstanding unpaid super. This can be a lengthy process, often taking at least 18 months or more – so rather than commit your fund’s resources and focus to insolvency, let us advocate on your behalf.
It’s a pleasure to work with the team at IFS Unpaid Super. They’re always supportive of our fund and work with us to deliver valued services that bring important benefits to our members.
When it comes to unpaid super, early intervention makes a big difference. Our specialist team will work with your fund to identify arrears, contact the employer to understand the situation and help them find a workable solution. Where payment remains outstanding, we'll refer an employer for legal action.Learn More >
Improve your program’s efficiency, increase the volume of unpaid super recovery, plug missing data gaps, or develop strategies to help employers. We have the skills, knowledge and technology to develop tailored programs or solve specific unpaid super issues.Learn More >
Learn more about our insolvency management service. Get in touch with our unpaid super team.Get in touch