Limit super breaks to 70pc of pay

Original article by Phillip CooreyJoanna Mather
The Australian Financial Review – Page: 1 & 6 : 27-Nov-15

Federal Treasurer Scott Morrison will deliver a speech to a superannuation industry conference on 27 November 2015. He will stress that the purpose of super is to generate retirement income. The Australian Government will therefore introduce changes that will prevent wealthy investors from using super for wealth creation. New measures will include restrictions on the use of super tax concessions.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINETAUSTRALIA. DEPT OF THE TREASURYMERCER INVESTMENTS PTY LTDGRATTAN INSTITUTESMSF OWNERS’ ALLIANCE LIMITEDRICE WARNER ACTUARIES PTY LTDTHE ASSOCIATION OF SUPERANNUATION FUNDS OF AUSTRALIA LIMITED