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11 Mar 11 More on excess super contributions


MEMBER 38 writes, in response to member 30's comments in last week's TAXVINE - see 2010 TAXVINE No 7 (4 March 2011) - about the ATO's indifference to a taxpayer's excess super contribution liability caused by their bank;

"The ATO response to Member 30 does not sit comfortably with Example 7 in paragraph 47 of PS LA 2008/1"

TAXVINE COMMENT: Thanks member 38, we have passed this on to member 30.


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