Original article by Phillip Hudson
The Australian – Page: 4 : 7-Sep-16
The draft legislation for some elements of the Australian Government’s proposed superannuation tax reforms will be release on 7 September 2016. However, Treasurer Scott Morrison is still negotiating with backbenchers regarding some aspects of the reforms, including the $A500,000 lifetime cap on non-concessional contributions. Further aspects of the super reforms will be released in coming weeks. Morrison has stressed that the reforms are necessary to rein in the Budget deficit.
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY