In 2008, the Government announced that it would provide loss relief by permitting the rollover of capital losses and transfer of revenue losses when a complying superannuation fund merges with an APRA regulated super fund.
Legislation to bring this measure into effect was contained in Tax Laws Amendment (2009 Measures No 6) Act 2010 which received Royal Assent on 24 March 2010.
More recently, the Government announced that it will extend the temporary loss relief for merging superannuation funds from 30 June 2011 to 30 September 2011. This latest change has yet to be enacted. The ATO has published a document setting out the administrative treatment it will apply in relation to the extension.