Treasury has released for consultation a paper seeking feedback on the framing of the draft objective of superannuation, including the benefits of the objective and its practical application. Legislating an objective for superannuation is intended to provide confidence to policy makers, regulators, industry and the community. Future changes to superannuation would also need to be aligned with the proposed objective clause.
The consultation concludes on Friday 31 March 2023. We are currently seeking feedback from members on your views regarding this consultation. To enable The Tax Institute to collate member feedback, if you have feedback to share, please email your response by COB on Friday 24 March 2023 to email@example.com.