Source: Taxation In Australia Journal Article
Published Date: 1 Aug 2018
One area of practice where tax professionals' roles are changing is in superannuation. Tax professionals need to know the answer to this important question: Does managing superannuation fund investment taxes really matter to superannuation fund members? If the answer is no, then those advising superannuation funds can focus on tax matters that preserve and add value, like verifying tax provisions in unit prices, managing tax calculations and regulatory fi lings, structuring cross-border investments, setting an appropriate tax lot selection methodology and setting tax risk appetite. But if the answer is yes, the superannuation tax professional's skillset becomes as central to the fund's mission as building retirement savings for members, governance, investment management, product design and member engagement. On this basis, tax professionals should not only care about the answer to this question, but be genuinely excited by its possibilities. This article considers this question against the 2013 amendments to the Superannuation Industry (Supervision) Act 1993 (Cth), which imposed a raft of new responsibilities on APRA-regulated superannuation fund trustees.
Unit pricing - An institutional investor perspective - Audio 11 Nov 2020
Unit pricing - An institutional investor perspective - Presentation 10 Sep 2020
Unit pricing - An institutional investor perspective - Video 10 Sep 2020
After-tax investing for superannuation funds: What should managers manage? - Journal 01 Sep 2015
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.