My wife's employer posted the final 1/4 amount for June 2013 in late June, so the amount was part of her 12/13 year value. This last year 13/14 they held over the final 1/4 amount to 17th July. This caused a $4k shortfall for the year.
The accountant who runs the payroll says that under ATO rules they don't have to make the payment until July XX, so they are compliant. Fair enough, it does meet this rule.
However the ATO website says employers must make 4 payments per year. Because the previous year's final 1/4 was paid 'early' in June 13, then there were only 3 payments made in the 13/14 year.
We are very peeved due to the lost opportunity to load $4k tax benefited, into super which has now been lost forever.
Any accountants out there that can validate or otherwise the legality of what has occurred?
If allowed then it makes it bloody hard work to plan contributions and in anther year one may over contribute if next year they pay early again. My logic says this is not allowed but open to views.
