After all the fanfare by the Coalition Government to increase the number of members within a SMSF to six (6) members in response to Labor’s proposed measure to ban franking credit refunds, this item on budget night has died and will not proceed. After introducing Treasury Laws Amendment (2019 Measures No. 1) Bill 2019…
With an election just around the corner, this year’s federal budget is expected to be lined with sweeteners. Even before the budget is delivered we have seen the Treasurer announce a boost for those closer to retirement (or in early stages of retirement) to be able to make both concessional and non-contributions into superannuation. From…
Given the pace of change and activity within the superannuation industry, it is easy to forget that whilst in opposition the Labor party has already placed a stake in the ground regarding changes to superannuation policy that will occur should they take Government in May this year. In recent times we’ve seen political jockeying…
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…
It is fair to say that we weren’t expecting anything too dramatic when it came to superannuation and SMSFs in Federal Budget 2018 and the most part we were right. The Treasurer, Scott Morrison delivered a budget that looked to hand back some of the more than expected revenues generated since the mid-year economic report. …
