Superannuation Trustees’ new covenant to develop a strategy for maximising the members’ ‘retirement incomes’ – Treasury releases a ‘Position Paper’ on new law

Tax Month - July 2021

On Mon 19.7.2021, Treasury released a Position Paper on the proposal, in the 2018 Federal Budget, to extend the SIS Act, so as to introduce a new covenant, binding trustees of superannuation funds to formulate, review regularly and give effect to a retirement income strategy, being a strategic document outlining the trustees’ plan to assist their…

Covid-19 Financial support announced in July 2021 for businesses and workers affected by lockdowns in NSW & Victoria

Tax Month - July 2021

Last week (15.7.21) the Prime Minister announced details of assistance for workers in NSW and Victoria impacted by the current lockdowns to be jointly funded by the Federal and State governments. The State governments have also announced assistance measures for affected businesses. This article repeats some of what I’ve already posted but has new material…