This edition includes a summary of significant superannuation tax news and announcements made as at 31 July 2017, including:
- Draft legislation released – Housing affordability
On 21 July 2017, Treasury released draft legislation to implement the 2017-18 Federal Budget measures related to housing affordability, including the introduction of the First Home Super Saver Scheme and a special downsizing contribution measure for superannuation.
- Country-by-Country (CbC) reporting exemptions: Still open for business
The financial year ended 30 June 2017 (FY2017) has just passed, which means that the first reporting year for super funds – and their controlled entities – who are subject to CbC reporting has been completed. That said, there are still another 10 months before the CbC reporting documents will be due for lodgement in 30 June 2018.
- Other superannuation matters
If you would like to discuss or have any questions around the items covered in this edition, please contact us.