16 Sep 13 Delay in issuing excess contributions tax assessments
The ATO advises that due to problems arising from a recent excess contributions tax (ECT) system upgrade, ECT assessments and amendments continue to be delayed.
The ATO says that it is working on this issue and expects to have it resolved by the end of September 2013.
If an agent has clients with an ECT debt who are waiting for their amended assessment, the ATO says that no debt collection activity will occur at this time.
When the system recommences processing, an agent may receive more ECT assessments and amendments for their clients than expected at this time of year. The ATO anticipates processing volumes will return to normal once it clears the backlogs.