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21 May 12 Government releases paper on tax relief for superfund mergers

In media release No 2012/025, issued 18 May 2012, the Minister for Employment and Workplace Relations and Minister for Financial Services and Superannuation, Bill Shorten, announced the release of a proposals paper titled Taxation relief to support the implementation of Stronger Super which provides further details of the proposed taxation relief.

The Government announced on 24 April 2012 that it would provide tax relief to enable superfunds to merge without triggering adverse tax consequences that would hit members' savings.

The closing date for submissions is Friday 8 June 2012.

 


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