Both houses of Parliament have passed a bill containing various amendments to the governments suite of superannuation taxation reforms, including changes to transition to retirement income streams and limited recourse borrowing arrangements.
Treasury Laws Amendment (2017 Measures No. 2) Bill 2017 has today reached passage through both the House of Representatives and the Senate and makes changes to measures enacted through the Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016.
Minister for revenue and financial services Kelly ODwyer said the bill will support the integrity of the new transfer balance cap by including a repayment of a borrowing under a limited recourse borrowing arrangement in the cap in certai…
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