Username    
Password  
       
 

DFK Members

We have affiliates located in all States and Territories of Australia as well as key locations in New Zealand and Papua New Guinea.

  Link to:    DFK International
                   DFK Australia & New Zealand
                  .

 
 

Excess Contributions Tax: Commissioner’s Discretion


The Tax Office has provided guidance on whether or not the Commissioner will exercise his discretion to disregard excess non-concessional contributions where:
  • the contributions were initially made as concessional contributions but due to unforeseen inability to claim a tax deduction were treated as non-concessional contributions; or
  • the excess contributions arose due to a banking error made by a party other than the trustee of a superannuation fund.
The Tax Office reiterates that the Commissioner will only exercise his discretion if there is:
  • the existence of ‘special circumstances’; and
  • the object of the tax laws governing superannuation contributions are met. read more...
  
 
     
 

Copyright DFK Gray Perry ©    |   Site Map   |   Software solutions for accountants by Acclipse

 

 

DFK Gray Perry, Chartered Accountants, Accounting, Adelaide, Australia