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24 Apr 09 On super contribution confusion

MEMBER 4 writes:

"I find the Commissioner's announcement concerning the large number of incorrect claims for personal superannuation contributions not at all strange: s 290-170 as it stands now looks to me like the ultimate triumph of bureaucracy. One of the signs of the ultimate separation of taxation from economics and its subjection to purely bureaucratic and legalistic principles: tax avoidance in reverse.

All that in a year during which public Aussie super funds put in their worst performance ever and after years during which the Commissioner appears to have done nothing to promote the prompt issue of 'acknowledgments' by public funds."

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