Published on 01 Jul 07
by "AUSTRALIAN TAX FORUM" JOURNAL ARTICLE
We explain and discuss the Simplified Superannuation measures introduced in 2006 and 2007. These measures may well live up to their name, at least after the five-year transition. Their estimated cost over the next four years is a modest $7.2 billion. Yet long term problems remain. Accordingly, we propose a further round of reforms. The aims are to make superannuation a better proposition for the less affluent, reduce double dipping, increase tax revenues two to three decades hence, and improve the risk-sharing properties of superannuation. Overall, our proposed reforms would improve the integration of superannuation with the personal income tax system.
Associate Professor, School of Economic, UNSW
Current at July 2007 Current at 30 November 2007
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Current at 22 June 2009