Super rollover plan for SMSFs

Original article by Michael Roddan
The Australian – Page: 26 : 27-Apr-18

Financial Services Minister Kelly O’Dwyer is expected to announce that self-managed superannuation funds will be able to increase the number of members from four to six under new legislation. Members of SMSFs will also be allowed to roll over funds from an Australian Prudential Regulation Authority-regulated super fund using the SuperStream technology; currently, rollovers through SuperStream are only allowed from one APRA-regulated fund to another. more than 1.1 million Australians have SMSFs, which currently boast around $A700 billion worth of assets.

CORPORATES
AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, AUSTRALIAN TAXATION OFFICE

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