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In media release No 2011/036, issued 28 February 2011, the Assistant Treasurer and Minister for Financial Services and Superannuation, Bill Shorten, announced the release of a consultation paper in relation to the Government's announcement (in its response to the Henry Review) that from 1 July 2012, individuals aged 50 and over with total superannuation balances below $500,000 will be allowed to make up to $50,000 per year in concessional superannuation contributions.

The closing date for submissions is Friday, 25 March 2011.


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