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  • CRT Alert 007/2021

    Additional tax on concessional contributions (Division 293) assessments

    We recently issued approximately 30,000 Division 293 assessments for the 2019 and 2020 financial years.

    Due to a system issue, concessional contributions reported for these financial years were not included in Division 293 assessments where that super account was also reported as closed during that financial year.

    This issue was resolved in June 2021 with applicable concessional contributions now included in Division 293 assessments. This has resulted in affected members receiving an initial or amended Division 293 assessment.

    Scripting has been published and members who contact us are being advised:

    • the assessment they have received is correct, and
    • the assessment now includes the concessional contributions they made to a super account that has been closed.

    If you have further enquiries on this matter, lodge a request using the Super Enquiry Service.

      Last modified: 10 Aug 2021QC 66587