The ATO on Tue 4.2.2014, issued a Decision Impact Statement on the Full Federal Court’s decision in Parliamentary Trustee of the Parliamentary Contributory Superannuation Fund v FCT [2013] FCAFC 127. In that case, the Full Court upheld the constitutional validity of superannuation contributions surcharge tax assessments under the Superannuation Contributions Tax (Assessment and Collection) Act 1997 in respect of the Parliamentary Contributory Superannuation Fund for members of the Victorian Parliament under the Parliamentary Salaries and Superannuation Act 1968 (Vic). The ATO said the decision accords with its view.
[LTN 22, 4/2/14]