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Top News In Taxationv Douglas Today - Breaking & Trending Today

Government moves to amend military super benefits tax

The government is introducing legislation that aims to ensure no veteran pays higher income taxes because of the Federal Court decision in Commissioner of Taxation V Douglas (the Douglas decision). ....

Matt Keogh , Stephen Jones , Defence Force Retirement , Commonwealth Superannuation Corporation , Federal Court , Taxationv Douglas , Death Benefits , Military Superannuation , Military Superannuation Benefits ,

Superannuation update – regulator updates, legislation and cases - Employment and HR

Single default accounts
On or after 1 July 2021, in the absence of a new employee
choosing a superannuation fund, an employer must determine whether
that new employee has a stapled fund and, if a stapled
fund exists, contributions should be paid into that stapled fund
instead of paying into the employer s chosen default
superannuation fund.
Underperformance in superannuation
The Bill proposes a new Annual Performance Assessment ,
requiring APRA to action annual performance tests each year for
MySuper products and other products set out by the yet to be
drafted regulations. Under the rules, if a fund fails the annual
performance assessment, the trustee must notify all members and if ....

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