On Tuesday 18 February 2014, Shayne Carter CTA (PCC Lawyers) attended a meeting of the Superannuation Industry Relationship Network. A range of issues were discussed at the meeting, including:
- the electronic transfer protocols;
- considering the basis on which the superannuation guarantee charge should be calculated (for example total salary and wages, ordinary time earnings only, etc);
- considering a deduction for personal superannuation contributions and the 10% test in light of concessional contribution levels; and
- opportunities for “red tape” reduction.
Members who seek further information in relation to the above should contact us at Tax Policy