Superannuation update

The Minister for Superannuation & Corporate Law has reviewed the government's superannuation policy in this speech. He commented on:

  • the Government's suspension of the minimum draw down requirement for account-based pensions for the equivalent of the second half of 2008‑09.
  • the impact of superannuation account fees on final returns
  • the role and performance of default funds and awards
  • optional capital gains tax roll-over for capital losses that are realised from a complying superannuation fund’s merger with a large APRA-regulated superannuation fund
  • APRA investment guidelines to cover environmental, social and governance risks
  • the Henry tax review retirement income consultation paper.
 

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