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30 Apr 10 Yet another problem with the new system - averaging rebates

MEMBER 124 writes:

"We have recently received a number of assessment notices for primary producer clients, where the averaging calculation is incorrect. The problem lies with deductions that are apportioned between primary production and non-primary production income, most notably superannuation contributions. These should be apportioned, but in the new system assessments they are not. We have contacted the ATO and they are "aware of the problem" - yet another one - and don't know how it has happened and are working toward fixing it!

Not sure what sort of priority this will have, given the continually mounting problems with the new system.

Just wanted to make those who deal with primary producers are aware of this issue."

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