Purcell and Commissioner of Taxation (Taxation) [2020] AATA 4235

TAXATION – excess non concessional contributions to superannuation – spousal contributions to superannuation – associated earnings treated as assessable income – amount of associated earnings – whether calculation of associated earnings was correct – whether proxy rate is a penalty – no power vested in the Commissioner to remit amount calculated as associated earnings – objection decision affirmed – decision under review affirmed

Full decision here