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Transfer balance cap: post-30 June 2017 issues


The introduction of the transfer balance cap measures led to a frantic amount of activity for self-managed superannuation fund advisers and their clients in the lead up to 1 July 2017. With the pre-1 July 2017 planning and compliance activities now in the rear-view mirror, this article seeks to demonstrate that it is an opportune time for advisers to consider the ongoing issues associated with the transfer balance cap regime. Due to subsequent legislative developments and ATO pronouncements, transition to retirement income streams, broader succession planning issues and dual fund strategies have become key areas of focus. While there is a need for further clarification and potentially for legislative refinement in some areas, it is clear that the transfer balance cap measures are here to stay for the foreseeable future.

Author profiles

Daniel Marateo
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Peter Slegers CTA
Photo of author, Peter SLEGERS Peter heads Cowell Clarke's tax and revenue practice group. He advises and acts for a wide range of public and private companies as well as for the trustees of self managed superannuation funds. Peter’s areas of expertise include: income tax (as it impacts on business and high net worth clients); capital gains tax; goods and services tax; state taxes and superannuation law. Peter is regularly involved in advising SMSF trustees on issues associated with superannuation income streams. Peter is a member of the Australian Institute of Company Directors and the SMSF Professionals Association of Australia Ltd in addition to being a member of the Tax Institute’s South Australian State Council. - Current at 08 October 2019
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