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09 Jul 1010 On backdated changes to reportable employer superannuation contributions definition

MEMBER 206 writes:

"As noted in 2010 TAXVINE No 27 (2 July 2010), in media release No 2010/080 issued 30 June 2010, the Minister for Financial Services, Superannuation and Corporate Law and Minister for Human Services, Chris Bowen, announced a reform to clarify the scope of the reportable employer superannuation contributions definition, which is used in determining eligibility for a range of government financial assistance programs. The changes will apply from 1 July 2009.

Great, let's see:

New laws began 1 July 2009 + Changes announced 30 June 2010 backdated to 1 July 2009 but without any detail + Payment summaries have to be issued by 14 July 2010 with correct data (whatever that is) = Complete mess."

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