PCG 2019/7 – Large APRA regulated Super Funds have until 30 June 2020 to get their systems into order to be able to reporting of ‘pension tax bonus’ amounts

On 2.10.2019, the Commissioner issued PCG 2019/7 regarding transitional compliance approach for large Australian Prudential Regulation Authority regulated superannuation funds that provide a ‘pension tax bonus’ to members where the superannuation funds are facing practical difficulties in complying with certain legislative requirements.

See below for the PCG.

FJM 6.10.19

[Tax Month – September 2019]