Super co-contribution: ATO payment arrangement

The Tax Office has provided an update on its payment arrangements in relation to the 2007-08 Federal Budget announcement to provide one-off additional super co-contribution payment for people who were, or will be, eligible to receive a co-contribution for the 2005-06 financial year. The Tax Office says that due to the large number of payments, the exact date for release of electronic commerce interface (ECI) files, mail out of cheques and remittance advices are not known, but the expected dates should be shortly after the 12 June 2007 for ECI files and after the 15 June for mail out of cheques to super funds.