Superannuation
In an article for the Sydney Morning Herald, Nerida Cole writes that the Federal Budget has kept nearly mum on the Superannuation changes but it does not imply that the issue will be put in the backburner for long.
In this budget, there has been a minor talk about imposition of extra penalty units in the event of breach of the Superannuation law. Also, the budget has addressed how the terminally ill can access their SMSF pool better. But this is all that got discussed under the head ‘Superannuation’. The Australian tax system is under review and the White Paper will certainly talk about structural recommendations; but that is for some other day.
You can read the original article here.
