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In a media release issued on 29 April 2009, the Minister for Superannuation and Corporate Law, Senator Nick Sherry, announced that the optional CGT roll-over for capital losses for mergers of complying superannuation funds with APRA-regulated superannuation funds with at least 5 members will be expanded following consultation with industry.

"The Government will extend the period of application of the roll-over by one year to 30 June 2011, allowing super funds wanting to use the roll-over more time to do so," Minister Sherry said.

For more information and a copy of the Minister's media release, No 2009/042, 29 April 2009, go here.

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