Daily Archives: May 17, 2020

Treasury Laws Amendment (More Flexible Superannuation) Bill 2020 & Regulations – Improving flexibility of superannuation for older Australians – ‘bring forward’ rule, work rule and spouse contributions

On Wednesday 13 May 2020, the Government introduced a bill into Parliament and released an exposure draft of a regulation, to give effect to its 2019 Budget measure to give Australians over 65, greater flexibility in making voluntary superannuation contributions – all of which are to start from 1 July 2020. See below for a summary…

Treasury Laws Amendment (2020 Measures No. 1) Bill 2020 introduced to broaden ‘Significant Global Entity’ (SGE) definition and ‘merger’ of superannuation fund gain and loss rollover

On 14 May 2020, the Treasury Laws Amendment (2020 Measures No 1) Bill 2020  passed both Houses of Parliament – having been introduced on 12 October 2020, and stalled in the Lower House on 4 March 2020. It broadens the definition of significant global entity (SGE) in the ITAA 1997 so that it applies to…

JobKeeper work related disputes about first payment; and direction to take annual leave – recent FWC decisions

The Fair Work Commission (FWC) has noted the outcome of the following recent JobKeeper dispute decisions dealt with under Pt 6-4C of the Fair Work Act 2009, which enables employers to issue “JobKeeper enabling directions” to employees about their hours of work, performance of duties and location of work. See below for a summary. [Tax Month…