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Mar 31, 2009

TRUCKERS' TAX * Australia - ATO delays superannuation changes

The Australian Taxation Office will not impose new superannuation obligations next month but there is still uncertainty as to when the changes will take effect

Canberra,Australia -ATN, by Brad Gardner -31 March 2009: -- ... In a letter to industry stakeholders, ATO Assistant Commissioner, Robyn Bruce, has acceded to industry requests to defer the introduction of the 9 percent superannuation obligation on “regular, normal, customary or usual” overtime earnings... The tax office originally planned on introducing the scheme for the trucking industry on April 1 but eventually decided “it would not be appropriate for the trucking industry to be required to change its practices from 1 April, 2009”... Industry groups NatRoad and the South Australian Road Transport Association (SARTA) called for the scheme to be delayed to at least July 1, which would be in line with other industries... Although trucking businesses have been granted a reprieve, attention now turns to when the tax office will follow through on the changes, with Bruce remaining vague on an implementation date... (Photo from facebook's Cow-boy of the Roads Worldwide: "Come loading from the hell")

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