It was a busy month for Commonwealth Parliament with three full sitting weeks for both houses. A bill was introduced to legislate superannuation contributions as a workplace entitlement, whilst Treasury released a consultation on the proposal to increase the tax payable on superannuation balances above $3m.

The Regulators were also busy with ASIC releasing their final report on insurance in superannuation and the ATO updating the SFT protocol to include intra-fund transfers, among other changes.

Jonathan Steffanoni - Managing Partner
QMV Legal

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