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A summary of the Association’s submissions during 2012-11
is set out below; the full submission is available via the link. New submissions
will be added as they are lodged.
Submissions to Treasury re:
Tax deductibility of premiums paid by superannuation funds for TPD cover;
Contributions cap for individuals aged 50 and over, making the point that
the Government’s proposal to restrict the higher contribution cap to the
group with savings under $500,000 would result in large and unnecessary
administrative burdens on funds, their members and government agencies,
and urging a simpler solution;
Draft legislation for My Super Core provisions, seeking clarification
of several aspects of the draft and also supporting the Law Council’s
submission which noted technical difficulties arising from presenting
piecemeal legislation; and
Capital gains tax relief, arguing that because of continuous reform and
rationalisation in the superannuation industry that relief should be extended
significantly beyond September 2011
Other Submissions
Submissions to Chairman, Stronger Super Peak Consultancy
Group:
Raising the potential detriment to some employer sponsors, if MySuper
required a single entry point with absolute uniform pricing; and drawing
attention to particular implications for defined benefit funds when implementing
Stronger Super reform.
Submission to AUSTRAC making the point that superannuation funds would
not fall within the definition of remittance provider and consequently
should not be required to register as remittance provider.
Submission to ASIC, proposing that disclosure at fund
portfolio level should be minimized to a summary level, accompanied by
a consumer warning that the disclosure should not be used for investment
decision making.
Submissions to Opposition Shadow Spokesperson Mathias
Cormann:
Briefing paper on the Association’s position on contributions caps; and
Briefing paper explaining the background regarding tax deductibility of
TPD premiums paid by superannuation funds.
Submission to the Parliamentary Committee Joint Committee
on Corporate and Financial Services. The submission questioned the need
for a scale test, expressed concern about the focus on professional trustee
skills to the detriment of the existing governance model and the significant
increase in trustee liability.
Submission to Treasury regarding MySuper Tranche 2. In this submission
our key comments related to: Trustee Obligations and uncertainties associated
with fulfilment of their duties; requirements relating to individual directors,
trustee indemnities; and APRA proposed powers.
Submissions
Below, you will find links to the past 2 years submissions to
relevant bodies on significant superannuation issues or changes to superannuation.
2012
– 2011 - 2010
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