The report of the Parliamentary Joint Committee on Corporations and Financial Services on the Tax and Superannuation Laws Amendment (2013 Measures No 1) Bill 2013 was tabled in the House of Reps on Wed 20.3.2013. It recommended the Bill be passed.
However, a dissenting report by the Coalition members recommended the Bill not be passed unless:
- Schedule 4 dealing with transfer of assets with Self-Managed Superannuation Funds; and
- Schedules 5 and 6 dealing with the loss carry-back changes (measures linked to the MRRT)
were excised from the Bill.
The Bill contains amendments concerning: company loss carry-back; SMSF asset acquisitions and disposals; FBT and airline transport fringe benefits; interest on unclaimed money; Sustainable Rural Water Use and Infrastructure Program; Miscellaneous amendments.
[LTN 54, 20/3/13]