Insolvency Practitioners

What we do?

Our clients are deeply committed to ensuring that their members receive all of their employment entitlements, especially any unpaid superannuation. It is part of their obligation as trustees, to act in their members best interests and help them enjoy the fulfilling retirement they deserve.

Part of this commitment is the assistance we provide insolvency practitioners in relation to all aspects of outstanding superannuation.

Assisting You

By assisting you with information in relation to

periods of unpaid super
details of contributions received
limited employee information

Super Guarantee Charge Statements

Before lodging, contact us to assist with:

checking that all periods with a possible Super Guarantee Charge (SGC) liability have been identified
checking that all employees owed super have been identified;
or, if you require, any other information to help you complete the SGC Statements.

External Administration

If a company is trading under external administration, we will be monitoring the company’s compliance with super guarantee (SG) obligations.
During the Voluntary Administration period, and if trading under a Deed of Company Arrangement, SG contributions should be paid by the appropriate deadlines.

What we ask for?

We are mindful of the challenges that practitioners face when dealing with insolvencies and will try to minimise what we ask of you. In the initial stages of an appointment, we ask that you:

confirm when the company ceased trading or, if the company is still trading, provide the current status (e.g., business as usual or continuing to trade until shut down);
whether the company’s books and records show outstanding superannuation obligations (if none are available or records are limited, we can provide you with an estimated debt upon request); and
to be added to the mailing list to receive the 2^nd Creditors Report/ Statutory Report or, if these documents have already been issued, to be provided with copies of these reports.

Before a dividend is declared, we ask that you let us know, based on the records available to you, the periods of outstanding superannuation. This allows us to check our client’s records and identify any additional periods which may be outstanding.

Are you a creditor?

Super Guarantee Contributions

The ATO is the proper claimant for SG contributions.

Salary-Sacrifice/ Member Voluntary Contributions

The amount to lodge a claim for will depend on whether the employee has personally lodged a claim for these amounts.

Additional Employer Contributions

Our clients may be creditors, depending on the award or employment agreement the employer was subject to.

IFS has well-considered and applied risk and compliance competencies, and its shared vision and support for many of our key strategic advice objectives will assist in delivering on our’ future state requirements.

Industry super fund client

Advice Licensing

Give your fund leaders and advisers access to comprehensive expertise and support. We’ll give your team the confidence to deliver high quality, compliant advice and education that always puts your members’ interests first.

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Standalone Advice Services

You may have in-house advice capability and prefer to self-licence. But you can still reduce cost or complexity by outsourcing specific functions – such as advice software, compliance, professional development or paraplanning.