Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 9-Aug-16
Australians who receive large sums of money as a result of "life events" will be offered an exemption from the proposed $A500,000 lifetime cap on non-concessional superannuation contributions. "Life events" include accident-related compensation payments, lottery wins and divorce settlements. Federal Treasurer Scott Morrison has stressed that the proposed cap on super contributions is necessary to make the super system more equitable.
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS, ARRIUM LIMITED – ASX ARI