Expanded super reporting

Expanded super reporting

 Increase text size  Decrease text size
Revised reporting obligations will require superannuation providers to provide statements to us for all members who held an interest in the superannuation plan at any time during a reporting period, not just those for whom contributions were receive
The purpose is to support a range of super reform measures, including enhanced online services for individuals and funds, consolidation of super (within a fund and between funds) and the increased concessional contributions cap for members over 50 whose interests or accounts are valued at less than $500,000 (from 1 July 2014).

Legislation and supporting material

Superannuation Laws Amendment (Capital Gains Tax Relief and Other Efficiency Measures) Bill 2012and Explanatory Memorandum was tabled in parliament on 19 September 2012.

Comments are closed.

SPAA Specialist Auditor

SPAA Specialist Auditor

Shiv Parihar is a SMSFA accredited SMSF Specialist Auditorâ„¢. He provides SMSF auditing services independently, conflict free and in accordance with professional audit standards.

Click here to call us now