06 Mar 1414
More on super confusion
MEMBER 17 writes, in response to the ATO's advice that "from 1 July 2014, SMSFs will be required to receive contributions electronically from employers" - see 2014 TAXVINE No 3 (21 February 2014):
"Whilst my small practice operates through a company, I pay my personal employer super contributions weekly by cheque or cash. I do not use electronic banking apart from clients wishing to pay electronically.
Surely there is a provision for small businesses to be exempt from this change?"