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22 Jul 14 Incorrect Division 293 tax amended assessments

The ATO advises tax practitioners that they may have received incorrect Divi 293 tax amended assessments earlier this year for clients who are members of constitutionally protected funds (CPFs). A system problem caused the generation of incorrect amended assessments for some members of CPFs.

The ATO says that it is aware of the issue and is currently working towards a solution and that an amended assessment will be issued once the system problem is resolved.


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