Early December balancing company and superannuation fund income tax returns - electronic lodgment concession

17 June 2009

The Lodgment Program 2009–10 introduces an electronic lodgment concession to 31 July 2009 for early December balancing substituted accounting period (SAP) clients.

We have granted this concession in response to feedback from tax practitioners that tax time software availability sometimes makes it difficult to meet the lodgment due date of 15 July 2009.

This is particularly the case where firms create their own software using electronic lodgment service (ELS) specifications.

Criteria for lodgment concession

To be eligible for the concession, your client must be a full self-assessment company or superannuation fund with a SAP and are early December balancers. These entities are currently due to lodge a return no later than the 15th day of the seventh month after the end of their income year, which is 15 July 2009.

You must lodge your client’s return electronically by 31 July 2009.

You do not need to notify us that you will be taking up the 31 July 2009 electronic lodgment concession.

Returns lodged electronically after 31 July 2009 will not be eligible for the lodgment concession, and will be due by 15 July 2009 as per the Lodgment Program 2009–10.

This is a lodgment concession for the Lodgment Program 2009–10 and is not permanent. We will evaluate the effectiveness of the concession for future years.

Payment and penalties

This lodgment concession does not apply to payment. If required, payment is due on the first day of the sixth month after their income year, which is 1 June 2009.

We will not apply a failure to lodge on time penalty to early December balancing SAP company and superannuation fund clients where their return is lodged electronically by 31 July 2009.

More information

More information will be available in the Lodgment Program 2009–10 from 1 July 2009. Visit www.ato.gov.au and select Tax professionals – Lodge & pay – Lodgment essentials.

Alternatively, you can phone 13 72 86 Fast Key Code 1 3 3.

Brad Nash
Assistant Commissioner
Program Assurance and Integrity
Tax Practitioner and Lodgment Strategy

Last Modified: Thursday, 18 June 2009

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