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 Revenu e 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
21 January 2021