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 Dallas FTIA, is a Special Counsel in the Business & Revenue group of McCullough Robertson. He has extensive experience
in taxation, business structuring and estate planning. He advises trustees of various types of trust on taxation, structuring and succession issues. Neal advises on the establishment and
acquisition of business and investment entities and on business taxation issues. He also
advises the superannuation industry, including corporate, industry and self-managed
superannuation fund trustees. Apart from advising business entities, Neal also advises
many individuals on estate planning, succession planning, family trust arrangements, life
insurance issues and asset protection.
Current at 19 February 2009 Current at 14 January 2013
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