The Federal Government has moved again to make specific changes to the superannuation tax regime around post-retirement products.
The Assistant Treasurer, Stuart Robert announced the release of exposure draft legislation which he said would amend superannuation legislation to:
The minister said the legislation also included amendments that permit the Commissioner of Taxation to account for additional tax debts in running balance accounts.
He said the draft regulations would:
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
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