Superannuation Legislation Amendment (2020 Measures No 1) Regulations 2020 – ‘work test’ pushed out 2 years and ‘spouse contributions’ explanded

On Friday 29.5.2020, the The Superannuation Legislation Amendment (2020 Measures No 1) Regulations 2020, was registered amending the SIS Regulations to allow people aged 65 and 66 (ie under age 67) to make voluntary superannuation contributions (both concessional and non-concessional) without meeting the work test.

See below for further details.

[Tax Month – May 2020]

Treasury Laws Amendment (2020 Measures No 2) Bill 2020 introduced – hybrid mismatch; single touch payroll (STP); DGRs; JobKeeper and secrecy provisions

On Wednesday 13 May 2020, the Government introduced the Treasury Laws Amendment (2020 Measures No 2) Bill 2020  into the House of Reps proposing a range of amendments from ‘hybrid mismatch’ rules to secrecy provisions relating to the JobKeeper scheme.

See below for a summary of this Bill.

[Tax Month – May 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…