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15 Sep 10 Large funds and TR 2010/1 - Income tax: superannuation contributions

The ATO advises that it has changed the implementation date for the part of Taxation Ruling TR 2010/1 (Income Tax: superannuation contributions) concerning valid deduction notices. Specifically, the ATO has agreed to implement a 'no action policy' on when a valid deduction notice can be given for the 2010-11 income to allow funds further time to implement the deduction notice aspects of TR 2010/1.

The ATO says that an addendum to the ruling confirming the implementation date change will be issued in the near future.


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