The Super Brief | June 2024

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It was a busy month in Canberra for trustees of superannuation funds, with Bills introduced, stalling, and slowing progressing through Parliamentary Committees.

The long-awaited exemptions to the NALE prohibitions and adjustments to AFCA’s jurisdiction are caught up in a Parliamentary stalemate concerning the unrelated small business instant asset write off changes.

The Better Targeted Superannuation Concessions bill faces a rocky path through the Senate, after the Economics Legislation Committee issued a split report.

Finally, the Commonwealth Budget provided no surprises!

Jonathan Steffanoni
Managing Partner