The Federal Government included some super updates in the Mid Year Economic and Fiscal Outlook 2012-13 (referred to as a mini budget by many people) released on 23 October 2012. However, these updates do not impact on the basic tax structure of the system.

The key areas affected are:

  • Delay in the start of SuperStream
  • Income stream tax exemptions continue after death
  • More accounts will be transferred to the ATO
  • Reduced SuperStream levies to funds

You can read a complete summary of the proposals, along with our comments about the impact for AvSuper members.

Phone 1300 128 751 (Local call)