The Small Business Superannuation Clearing House (the Clearing House) delivers significant benefits for small businesses by reducing the time and paperwork burden of complying with the superannuation choice rules. From 1 July 2010, small businesses (those with fewer than 20 employees) across Australia can access full Clearing House services, including payments. Eligible small businesses need to register online now so they get their login details in time to make their next quarterly payment on or before the 28 July 2010.
Section 71D requires that a dividend or trust distribution must be received before the end of 30 June 2009 to be included in the threshold test in paragraph 71D(d). The policy intent as expressed in the Explanatory Memorandum is that received means 'paid to' and that an entitlement is not sufficient.
