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.
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AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY