Consolidated to 1 January 2019, this edition reflects the numerous recent changes to superannuation law and is essential for the bookshelf of any superannuation practitioner. The title ensures readers are up to date with the extensive changes to superannuation law enacted by the Federal Government.
Major changes covered include:
- Extension of tax relief, including loss relief and asset roll-over, for merging complying superannuation funds until 1 July 2020;
- Introduction of a new external dispute resolution framework providing access for consumers to a single scheme, the Australian Financial Complaints Authority, which will resolve disputes about products and services provided by financial firms and replace the Superannuation Complaints Tribunal, and;
- Enabling the Commissioner of Taxation to pay unclaimed money of lost members and other superannuation amounts directly to individuals with a terminal medical condition.