Rest faces alleged super reporting error

Rest has come under scrutiny following claims it incorrectly reported superannuation contributions to the Australian Taxation Office (ATO) for an individual who was never a member of the fund.

- Vinny Vucago

The issue was raised publicly by financial planner Matt Marsh of PlanPlus Wealth Advisers, who said the alleged misreporting could have significant tax consequences for his client, including the risk of breaching contribution caps.

According to Marsh, the fund reported contributions under his client's name despite there being no existing account or relationship. He said attempts to resolve the issue have been ongoing for several months, with the fund requesting authority documentation while also indicating it could not locate a corresponding member record.