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19 Nov 10 On Excess Contributions Tax obligations

MEMBER 345 writes:

"This ATO page arrived today (via this link in the eLink Newsletter) - it is supposed to be helping me understand the procedures involved in handling ECT Assessments and warns me that if I don't follow these procedures then penalties will apply. Unfortunately none of it makes sense - there are 21 days here and 30 days there and then another 90 days.

Who designed this 'system'?"

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