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Major changes covered include:
- Enabling the Commissioner of Taxation to pay certain superannuation amounts directly to individuals with a terminal medical condition
- Allowing an individual to use the proceeds in relation to one sale of their main residence to make downsizer contributions of up to $300,000 to their superannuation provider if they are 65 years of age or over, and
- Enabling first home savers to make voluntary contributions into the superannuation system and to withdraw those contributions and associated earnings for the purposes of purchasing their first home.