The ATO have issued a CRT alert regarding low income super contributions (LISC).

While the LISC has been repealed, the ATO advises that there are some residual LISC payments processing within its system. It says funds should continue to process LISC payments as normal. LISCs have been replaced with the low income superannuation tax offset (LISTO) since 1 July 2017. Processing of LISTO determinations and payments remain unchanged.

Further information

Australian Tax Office, CRT Alert 040/2019, 31 July 2019

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Any information on this page in relation to mortgages has been prepared by Macquarie Securitisation Limited (MSL) Australian Credit Licence (ACL) 237863 ACN 003 297 336.

Unless stated otherwise, this information has been prepared by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502.

This information is provided for the use of licensed and accredited brokers and financial advisers only. In no circumstances is it to be used by a potential client for the purposes of making a decision about a financial product or class of products.