On Friday 21 October 2016, Vision Super reported members’ concessional super contributions to the ATO (salary sacrifice and employer super contributions), as per our half yearly reporting obligations.
A technical error caused these contributions to double in the report accepted by the ATO. This has resulted in some members exceeding the yearly contribution cap and receiving a tax notice for these excess contributions.
The ATO have provided a solution, and the report will be corrected and sent again. The error will be resolved within 48 hours and there will be no implications to you.
We apologise for any inconvenience caused and thank you for your patience and understanding.