This edition includes a summary of significant superannuation tax news and announcements made as at 31 August 2017, including:
- Draft Practical Compliance Guidance – PCG 2017/D16
On 21 August 2017, the Australian Taxation Office (ATO) released a draft Practical Compliance Guidance (PCG 2017/D16) on propagation arrangements adopted by superannuation funds and PSTs.
- Treasury Exposure Draft on Asia Region Funds Passport and CCIV
On 25 August 2017, the Minister for Revenue and Financial Services, Kelly O’Dwyer, announced the release of Exposure Draft legislation to implement the Asia Region Funds Passport (Passport) and the Corporate Collective Investment Vehicle (CCIV). The aim of these new measures is to enhance the marketability of Australian managed funds across the Asia region and create domestic and regional economies of scale.
- Other superannuation matters
If you would like to discuss or have any questions around the items covered in this edition, please contact us.