Recent Changes to Superannuation

RecentChangesToSuperannuationBW
3
Feb

Recent Changes to Superannuation

03.02.14

With a change in the Federal government on 7 September 2013, below is a summary of the Coalition’s Policy for Superannuation:

The Coalition pledge that they will not make any unexpected detrimental changes to Superannuation.

Their Policy Document for Superannuation includes the following proposed policies:

Updated Table 1 

The Coalition has also stated that it does not agree with the following changes that the outgoing government had made to superannuation during its term of government,

Updated Table 2

 

 There is not further guidance regarding amendments to the above policies.

Other measures which the Coalition will review include:

  • Improving the quality of superannuation fund member reporting
  • Reviewing default fund selection arrangements in awards
  • Improving superannuation governance
  • Streamlining employer superannuation reporting arrangements
  • Reviewing regulatory barriers restricting income stream product development.

 Should you have any queries regarding this matter please call your applicable ESV engagement partner on 02 9283 1666.

 

Article by David Prichard