Linda Cheesman provided a brief overview of the following issues:
8.1 December 2012 payment process
The ATO will bring forward the monthly co-contribution payment process by one week will enable funds to allocate member entitlements prior to business closure over the Christmas / New Year period. Remittance advices and payments will be released week commencing Monday 5 December 2012. There will be no monthly SHAsa payment process.
The ATO Calendar of Activities will be updated shortly and reissued.
Note: The updated ATO Calendar of Activities issued with CRT email ATO update on Wednesday 18 January 2012.
8.2 Reintroduction of monthly Co-contribution Recovery
The ATO continues to work through the resolution of a number of residual issues impacting the monthly co-contribution recovery process.
A further small daily process will be undertaken in the week commencing Monday 12 December to test the process end to end. Impacted funds will be notified by CRT Alert email.
Pending the successful outcome of this small test process, the ATO anticipates reintroducing the monthly recovery process in late January 2012 with recovery notices and correspondence issuing in the week commencing Monday 30 January 2012.
Further updates will be provided to funds through CRT Alert email
Note: CRT Alert 004/2012 issued Wednesday 25 January 2012 advised funds of the recommencement of the monthly co-contribution recovery process, with Recovery Notices and other correspondence being issued during the week commencing Monday 30 January.
8.3 Outcome of peak processing - Member Contribution Statement (MCS) lodgements
In September 2011, the ATO contacted a number of funds that lodge larger volumes of MCS, inviting them to consider lodging earlier and to provide details of lodgements thereby allowing the ATO to better manage annual MCS processing through our peak processing period (i.e. individual income tax returns, fund MCS lodgements, lost member statement and unclaimed superannuation money statements; all due 31 October 2011.
30 of the 54 funds responded, leading to stronger MCS lodgement patterns in late September and October 2011. This achieved an increased number of members being paid their entitlement earlier in the October and November payment processes compared to 2010 processing.
Delivery feedback indicates that processing has been able to be completed with little or no issues. Anecdotally there has been a decrease in the number of errors generated during MCS processing this year, which indicates our systems are working well. We have also noted a decrease in correspondence enquires around 'Where's my co-contribution' which is another positive indicator.
Current year to date (YTD) processing reflects only a small increase of MCS lodgements (1.4%) overall this year (14.27M) compared with similar period YTD 2010 processing (14.07M).
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Last Modified: Wednesday, 25 July 2012