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ARTICLE · 16 MAY 2022

Superannuation monthly update – Regulatory updates, Legislative updates, Cases and other recent developments

Holding Redlich
Holding Redlich
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Holding Redlich

Holding Redlich

Holding Redlich is a large national commercial firm with offices in Melbourne, Canberra, Sydney,...

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Includes recent regulatory and legislative updates, cases and other recent developments relating to superannuation.

AustraliaFinance and Banking
Luke Hooper
Luke Hooper
Michael O'Connor
Michael O'Connor
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Regulatory updates

ATO advice under development - superannuation issues (5 April 2022)

The ATO is developing advice and guidance on the following superannuation issues:

  • Taxation Ruling TR 2013/5 update: The ruling, which focuses on when a superannuation income stream commences and ceases, will be updated to ensure it reflects recent superannuation legislative updates. The changes are expected to occur by mid-2022
  • super benefits in breach of rules: The ATO is developing a practice statement to provide guidelines on the Commissioner's discretion to deal with superannuation benefits received in breach of legislative requirements. The practice statement is expected to be completed by June 2022

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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