25 Sep 09 Submission on loss roll-over for merging superannuation fundsOn 26 August 2009, the Taxation Institute lodged a submission with Treasury in relation to the Exposure Draft of Tax Laws Amendment (2009 Measures No 6) Bill 2009: Loss roll-over for merging superannuation funds, that was issued on 31 July 2009.
The Taxation Institute would welcome a further extension of the relief to the following situations which are not encompassed in the proposed provisions.
- Mergers where the transferee fund is a small superannuation fund;
- Mergers where employers wish to make bulk transfers from large funds; and
- Situations where a fund holds all its assets in pooled investments and wishes to change providers.
For a copy of the submission, go here.