*Tax relief for merging super funds: draft legislation released – reinstating Div 310 with modifications – to allow rollover of all gains and losses (not SMSFs) [1]
The Minister for Financial Services and Superannuation on Fri 3.8.2012 released for public consultation draft legislation to provide income tax relief for merging superannuation funds. This measure provides temporary taxation relief in the form of loss relief and CGT and revenue asset roll-over for merging super funds. The draft legislation proposes to amend the ITAA…