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  • CRT Alert 051/2018

    28 May 2018

    Commutation authority update

    We have become aware a small number of Commissioner’s commutation authorities have issued with an incorrect amount. This has occurred in some instances where:

    • we have sent an ETB determination to an individual
    • the individual has commuted an amount less than the crystallised reduction amount set out in the ETB Determination
    • the commutation was reported after the due date.

    Our system is correctly evaluating the remaining amount that needs to be commuted, but is not populating the commutation authority with this amount. Instead the system is populating the commutation authority with the full value in the ETB determination.

    We have stopped sending commutation authorities to funds to allow us time to investigate further and resolve the matter.

    What does this mean for funds?

    You will not be sent any more commutation authorities at this time.

    We will contact funds where we identify that we have sent you a commutation authority that is incorrect. We expect to finish making contact with impacted funds by COB Friday 1 June 2018.

    If you are concerned that we have issued you with a commutation authority that is incorrect and we have not contacted you, you should contact us by email SuperCRT@ato.gov.au.

    Amended or revoked commutation authorities

    We will not be sending any amended or revoked commutation authorities at this time. This means that if you are re-reporting so that a member was never in excess we will not send you a revoked commutation authority at this time.

    If we have sent you a commutation authority that you think should have be revoked or amended to take into consideration reporting for that member since we issued you with the Commutation Authority, you should contact us by email SuperCRT@ato.gov.au.

    What has not changed

    You can still report to us.

    We will still issue ETB determinations when an individual exceeds their cap and ETB tax assessments once an individual has rectified their excess.

      Last modified: 28 May 2018QC 55755