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Legislation Update - 2018 Budget & other fixes

Jun 29, 2018

Treasury Laws Amendment (2018 Superannuation Measures No 1) Bill 2018 when enacted, will allow a 12 months amnesty from 24 May 2018 for employers to voluntarily bring their SG obligations up to date, and will allow individuals to avoid...

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Tax Parcel Optimisation via Propagation

Jun 29, 2018

The ATO has released PCG2018/2, detailing the ATO’s compliance approach to propagation arrangements, applying from 1 July 2018. Read more here .

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2018 APRA Levy

Jul 27, 2017

The 2017-2018 financial year superannuation supervisory levy for APRA regulated superannuation funds with more than 5 members has been promulgated as follows: restricted levy        0.003070%...

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Reporting of Data Breaches

Jul 13, 2017

The Privacy Amendment (Notifiable Data Breaches) Act 2017 (Cth) introduces a new scheme for mandatory notification to individuals and the Information Commissioner of eligible data breaches. Read more here .

Reporting of Data Breaches

Common Reporting Standard for superannuation funds

Jul 01, 2017

The Common Reporting Standard (CRS) applies from 1 July 2017. Our high level summary of FATCA and CRS for superannuation funds is available below. Read Summary

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