## 1 Introduction
For instance, [PERSON] [10] explains that some employees' superannuation amounts on their pay slips are different from the amounts on their super funds. The reason for this is superannuation being underpaid or unpaid by employers. Some employers use the phoenix method, which refers to \"the deliberate, systematic liquidation of a company in order to avoid the settlement of liabilities, such as salaries, superannuation, overdue taxes, and business creditors\". The business then \"rises from the ashes\", carrying on the same operations, free of any obligations, under a different or related name [11]. Table 1, presented below, highlights the unpaid superannuation from 2013 to 2022 due to the existing method of super contributions. \begin{table}
\begin{tabular}{l c c} \hline \hline
**Source** & **Financial Year** & **Unpaid Superannuation** \\ \hline Industry Super Australia & 2013–2014 & AUD 3.6 billion [12] \\ Industry Super Australia & 2015–2016 & AUD 3.9 billion [13] \\ Industry Super Australia & 2016–2017 & AUD 5.9 billion [6] \\ Industry Super Australia & 2017–2018 & AUD 5.9 billion [14] \\ Federal Government & 2018–2019 & AUD 5 billion [15] \\ Industry Super Australia & 2019–2020 & AUD 5 billion [15] \\ Australian National Audit Office & 2020–2021 & AUD 881 million [16] \\ Australian Taxation Office & 2021–2022 & AUD 1 billion [17] \\ \hline \hline \end{tabular}
\end{table} 
Table 1: Unpaid superannuation data. According to Industry Super Australia (ISA)'s report, Australian companies failed to make at least AUD 3.6 billion in SG contributions in 2013-2014, which translates to approximately 30% of workers (or roughly 2.4 million people) not receiving some or all their required superannuation payments [12]. Furthermore, in the 2015-2016 financial year, the number of unpaid employees had increased by 220,000 employees in only two years (since a prior examination of 2013-14 ATO data). Unpaid employer super contributions have been reported to increase by AUD 300 M annually [13]. According to ATO reports, ISA [6; 14] estimates that 31.3% of super-guarantee-eligible employees were underpaid in the 2016-2017 and 2017-2018 financial years, which is around AUD 5.9 billion in unpaid super annually. Australian workers missed out on AUD 5 billion in employer super contributions in both the 2018-2019 and 2019-2020 financial years [15]. The Australian National Audit Office points out that the total liabilities incurred in 2020-2021 due to corrective compliance measures only on employee notifications and ATO initiations were AUD 881 million [16]. However, the ATO reports a super-guaranteed gap of AUD 1 billion for the 2021-2022 financial year, which is a significant decrease compared to previous financial years [17]. While most businesses honor their duty to pay the superannuation guarantee (SG), there is a sizable pool of unpaid super because of some employers' noncompliance. When it comes to super fund trustees, [PERSON], CEO of Industry Super Australia, points out that employees lose roughly AUD 6 billion in unpaid superannation every year, and the government must take greater action to make sure that companies abide by contribution regulations [18]. The figures from Australasian Business Intelligence show that 240,000 firms admit underpaying their workers a total of AUD 588 million, when the government had anticipated only 14,000 employers coming forward and acknowledging underpayments totaling approximately AUD 160 million [18]. However, according to Industry Super, there has been an \"eye-watering\" total of AUD 29 billion in unpaid super over the past six years because of the existing process of superannuation contribution [19]. Industry Fund Services (IFS) believes that superannuation fund trustees must act quickly to address the issue of unpaid super [20]. According to [PERSON] [15], one of the reasons for not paying super is that superannuation contributions are not visible to employees in real time, since SG is paid monthly or quarterly.