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Key Dates - March 2010

Date Category Description
     

21 March 2010

 Activity statements

February 2010 monthly activity statements - Final date for lodgment and payment. Lodgment or payment can be made on the first business day after the due date.
     
31 March 2010 Income tax Income tax return and payment for superannuation funds with a total income of more than $2 million in the latest year lodged. This excludes medium to large business taxpayers.

NOTE:

  • As tax agents we will advise you when to lodge your income tax return and other required forms, as these dates may differ.
  • When the due date for lodgment or payment falls on a Saturday, Sunday, or public holiday, it may be done on the next business day.

 
 

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...
  
 
     
 

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