The Treasury Laws Amendment (2018 Measures No. 1) Bill 2018 has been introduced into the House of Representatives.

UPDATE: The Bill has been passed by Parliament. Royal Assent was given on 29 March 2018 and the superannuation provisions commenced on 1 April 2018..

Amongst other things the Bill transfers the regulator role for early release of superannuation benefits on compassionate grounds from the Chief Executive Medicare (Department of Human Services) to the Commissioner of Taxation (Australian Taxation Office). Background.

The Treasury is seeking submissions regarding exposure draft regulations that support the transfer the early release of superannuation function to the ATO.