The release of an exposure draft by Treasury for consultation has ultimately seen what was expected from within the SMSF industry – that is, the Federal Government wasn’t really interested in listening to many of the concerns about the proposed measures to better target superannuation concessions for individuals with balances above $3.0 million. The concerns…
Treasury has released for consultation the Superannuation (Objective) Bill 2023 and Superannuation (Objective) (Consequential and Transitional Provisions) Bill 2023 for feedback, following on from stakeholder engagement earlier in the year on the need to legislate the objective of superannuation to provide a share direction for government, the super industry and Australians (as superannuants). The…
CPD member? Login to the platform to watch the webinar and complete the assessment to receive your CPD certificate. Not a member? Find out more about our CPD packages to access more information to keep you up-to-date and to grow your SMSF knowledge. With the Government having already announced changes to superannuation prior to…
Whilst it may have taken us by surprise that there wasn’t much by way of superannuation in this year’s Federal Budget, perhaps in hindsight it was always going to be this way. In January 2023 the Government announced their plans to legislate the ‘Objective of Superannuation’ – this was followed by a period of consultation…
It was fair to say that the announcement and initial fact sheet by the Labor Government to target the tax concessions in super for those with balances above $3.0m was met with an indifferent response – most importantly, the lack of detail in a number of areas will require Treasury to consult with industry to…
