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ASFA backs equal rights
Same sex couples should enjoy the same rights and privileges as heterosexual couples within Australia’s superannuation system, according to a submission produced by the Association of Superannuation Funds of Australia (ASFA).
The ASFA submission to the National Inquiry into Discrimination against People in Same-Sex Relationships details the extent to which same-sex couples are at a disadvantage within the Australian superannuation system and calls for a more equitable approach.
The submission particularly points to the recent changes with respect to superannuation contribution splitting, and says that same-sex couples are not able to benefit from the new arrangements.
It said the main advantages to be derived from contribution splitting relate to tax-free thresholds, and that the relevant legislation should be amended to take account of same-sex couples.
The submission makes a similar point with respect to spouse co-contributions to superannuation and suggests amendments to the definition of “spouse” within the relevant legislation.
AUTHOR
Mike Taylor
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