Significant taxation reforms to superannuation

2 March 2007

Since December 2006, the Superannuation and Financial Services industry has been inundated with approximately 700 pages of Bills and Explanatory Memoranda in relation to the Government’s announced “simplification” of the taxation of superannuation. We recently held a seminar on these reforms.

A copy of the presentation can be found here.

Topics covered include:

- Income streams – where are we?
- Contribution limits / transitional provisions and their interaction
- TFNs – can the draconian consequences be avoided?
- Notices of deduction
- Directed termination payments
- Transfers from non-resident funds
- “279D” death benefit payments
- Important consequential changes

We are holding a similar session in our Melbourne office. If you would like further details regarding this session, please contact Marisa Paras.

These notes are in summary form designed to alert clients to tax developments of general interest. They are not comprehensive , they are not offered as advice and should not be used to formulate business or other fiscal decisions.

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