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Managing superannuation fund investment taxes

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Published on 01 Aug 18 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

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.

Author profile

Raewyn Williams CTA
Raewyn leads Parametric’s Australian Research efforts, working with Parametric’s Global Research, Product and Portfolio Management teams. She sets the Australian research agenda and ensures that Parametric Australia maintains a position of intellectual leadership in after-tax investing and implementation efficiency. Raewyn has had prior roles at Russell, QIC, Barclays Global Investors and KPMG. Raewyn was formerly a member of the Tax Institute Superannuation Committee and previously served on committees with FTSE, the FSC and ASFA. Raewyn graduated with Bachelors of Economics and Law from the University of Sydney, has a Graduate Diploma of Legal Practice from the College of Law, is a Graduate of the Australian Institute of Company Directors and is a Chartered Tax Adviser. Raewyn has completed the St James Ethics Centre’s Short Course for Good Leadership as Queensland’s nominated representative and is a signatory to the Banking and Finance Oath. Raewyn also serves with a number of not-for-profit entities, including as an elected Chair and Board member of the Conference Executive of Churches of Christ NSW (COCNSW), a member of the Investment Committee of COCNSW and a former committee member of Western District Joggers and Harriers and the Georges River Festival of the Feet. - Current at 05 August 2020
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