Where to from here? Legislation in limbo at the end of 2018

With Parliament now having risen for the Christmas/New Year break, there remains a whole raft of Bills that are yet to pass both houses that play a significant role across superannuation and SMSF reforms. The table below outlines a range of announcements and measures that remain unresolved at the end of 2018.   Matter Status…

How the proposed work test exemption contribution rules will work

Treasury has released for draft consultation the amendments to extend the work test exemption for recent retirees.  This announcement was made in the 2018-19 Federal Budget, whereby it makes amendments to the non-concessional contributions (NCC) rules in the ITAA 1997 to complement proposed amendments to the contribution acceptance rules within the SIS Regulations (SISR 7.04).…