On 10 November 2022, APRA issued a Media Release, announcing they will consult on their Discussion Paper, proposing a series of proposed enhancements to the prudential standards for superannuation trustees planning to transfer members out of – or into – their fund. Submissions in response to this discussion paper are requested to be provided to…
A debate is raging over the definition of ‘superannuation’, and in particular whether it should contain any reference to the amount of superannuation or quality of life the superannuation should provide. This is as something of a stalking horse, for the Labor Government, to walk away from election commitments, and then impose quantitative limits on…
On 31 October 2022, the ATO released its updated tax gap figures for the 2019–20 income year. The Tax Institute’s Tax Policy and Advocacy’s Associate: Abhishek Shekhawat, examines and explains these latest tax gap figures (in their weekly email to members: TaxVine #42, 11.11.22). Overview of the tax gaps The tax gaps are a yearly set of…