Australian Superannuation HB 2015-16
Publication Date :
25 Jul 2015
Current to 1 July 2015, the Australian Superannuation Handbook 2015-16 helps practitioners comply with the latest superannuation regulatory requirements.Â With a renewed focus on superannuation from the Tax Office, APRA and ASIC, practitioners need to ensure that their knowledge of superannuation law is complete and up-to-date. Indeed, the law mandates that trustees and advisers have adequate resources and training to ensure they are acting in the best interests of their members and clients. Key developments for 2015-16 include: New option to withdraw excess non-concessional contributions (but watch tax pitfalls) ETP and low rate cap amount on superannuation benefits increased for 2015-16 SMSF borrowing rules â€“ ATO warning on LRBAs with related parties SMSF death benefits â€“ recent cases on trustee duties when paying death benefits Age Pension assets test â€“ Budget proposal to increased threshold but cut taper rate SMSFs must be SuperStream ready from 1 July 2015 FoFA refinements â€“ Govt planning more FoFA refinements by 1 July 2015 Pending reforms â€“ items to watch from Murray Inquiry and Tax White Paper process The Australian Superannuation Handbook 2015-16 is an ideal reference for financial planners, accountants, auditors, lawyers, superannuation trustees, fund administrators, and other participants in the superannuation and financial services industry. The Australian Superannuation Handbook is available on Thomson Reuters' Checkpoint online platform, and is updated in March and September each year. It is also available as an eBook on the Thomson Reuters' Proview eReader.