Excess Contributions Tax - Learner Guide

About this guide

This learner guide provides an explanation of excess contributions tax (ECT) including:

• determining ECT
• special rules
• assessments
• ECT refund offer
• payment of ECT.

This material has been developed to help train financial planners and must not be used as a legislative support tool in the workplace. We made every effort to make sure this material was accurate and up-to-date at the time of publication but we advise users to:

• check for any changes that have affected the currency of this material
• conduct their own research and inquiries about any interpretation of the law.

We accept no responsibility for any loss or damage incurred as a result of the use of this material in personal transactions that are not part of our official business.

Materials

If you choose to refer to the references in this guide, you will need access to ATOlaw.

Time

It should take you approximately four hours to complete this learner guide.

Icons

The following icons may be used in this product.

An important point or feature.

Direction to a source of reference (for example, a website or ATOlaw).