Exposure Draft - Limiting the trading stock exception for superannuation entities
24 Jan 2012
In the 2011-12 Budget, the Government announced that it would remove access to the trading stock exception to the CGT primary code rule for certain assets (primarily shares, units in a trust and land) owned by a complying superannuation entity.
Following public consultation on the policy design of these changes, Treasury has released an exposure draft of legislation and a draft explanatory memorandum for public consultation on this measure.
The closing date for submissions is Friday 10 February 2012.