Superannuation reform package - tranche three

Closed 23 Oct 2016

Opened 14 Oct 2016

Published Responses

View submitted responses where consent has been given to publish the response.

Overview

The Government has released for public consultation the third round of exposure draft legislation and explanatory material to lower the annual non-concessional contributions cap to $100,000 and restrict eligibility to make non-concessional contributions to individuals with superannuation balances below $1.6 million.

Also included are further amendments to improve the superannuation administration arrangements.

This release follows the previous tranches of exposure draft legislation made available for public consideration on 7 September 2016 and 27 September 2016.

The draft explanatory material released with the exposure draft legislation deals with the implementation of both measures. The final Explanatory Memorandum that will accompany the Bill will provide the overarching policy context.

More information on the Government’s superannuation changes is available on the Treasury website.

Enquiries

For enquiries please call Michelle Dowdell +61 2 6263 3071.

Confidentiality and lodging your submission

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Audiences

  • Businesses
  • Consumer groups
  • Economists
  • Finance/Banking sector
  • Financial advisers
  • Government - Commonwealth
  • Government - State/territory
  • Individuals
  • Industry bodies
  • Industry association
  • Law professionals
  • Not for profit organisations
  • Superannuation professionals
  • Tax professionals

Interests

  • Financial regulation
  • Financial system
  • Fiscal policy and strategy
  • Insurance
  • Investment
  • Markets
  • National savings
  • Security
  • Assets and savings
  • Pensions
  • Superannuation contributions
  • Superannuation funds
  • Superannuation industry reform
  • Superannuation system