Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 8 : 19-Aug-16
The Australian Government may make further changes to its proposed lifetime cap on non-concessional superannuation contributions. Treasurer Scott Morrison is considering options such as lifting the proposed cap from $A500,000 to $A750,000 or leaving it unchanged but not backdating it to 2007. Meanwhile, Morrison has stressed that inheritances or lottery wins will not be regarded as "life events" that will qualify for an exemption from the lifetime cap. H has also ruled out any changes to the policy on limiting retirement balance transfers to $A1.6m.
AUSTRALIA. DEPT OF THE TREASURY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN RENEWABLE ENERGY AGENCY