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APRA-regulated funds

 
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Member contributions statements

Penalties may apply if you:

  • don't lodge the MCS on time
  • do not report for all your current contributing members
  • provide incorrect information.

The penalty for failure to lodge a statement on time is shown in section 286-80 of the Taxation Administration Act 1953. The amount of penalty depends on your fund's assessable income and how late the lodgment was.

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Last Modified: Thursday, 4 October 2012

 
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