Published on 21 Aug 12
by QUEENSLAND DIVISION, THE TAX INSTITUTE
Can the fund rules prevent ECT assessments arising? If a member has an ECT assessment, what are the timing rules and options for responding?
This paper covers:
- fund rules – stopping excess contributions by deed
- traps to watch out for
- ATO process
- ATO ID’s and publications
- time limits and who pays ECT
- fund contribution caps and ECT refunds.
Neal is a Principal in McInnes Wilson Lawyers’ Superannuation and Revenue Group. He has extensive experience advising clients in the areas of superannuation, tax, estate planning and asset protection. He has advised corporate, industry and self-managed funds and their employers across a range of superannuation-related matters including fund establishment, fund mergers and transfers, benefit payment issues, superannuation borrowing arrangements, taxation of contributions and earnings, fund wind-ups and trustee training.
- Current at
15 March 2021