• Advice under development – superannuation issues

    We are currently developing advice and guidance on the following superannuation issue.

    [3874] Propagation arrangements adopted by registrable superannuation entities

    Title
    Final Practical Compliance Guideline
    Propagation arrangements adopted by registrable superannuation entities.

    Registered
    10 July 2017

    Purpose
    To set out the ATO's compliance approach to the use of propagation to select assets for disposal and the circumstances where propagation arrangements satisfy the asset identification principles and record keeping methodologies described in Tax Determination TD 33, and Taxation Rulings TR 96/4 and TR 96/7.

    Expected completion
    31 January 2018

    Comments:
    PCG 2017/D16 was published on 21 August 2017. Comments period closes on 2 October 2017. The draft is currently being finalised in light of the public comments received.

    See also consultation matter [201758]

    [3890] Transfer balance cap

    Title
    Amendment to LCG 2016/9
    Superannuation reform: transfer balance cap

    Registered
    1 September 2017

    Purpose
    The Treasury Laws Amendment (2017 Measures No. 2) Act, which received Royal Assent on 22 June 2017, made a number of minor and technical amendments to the 2016 superannuation reform package. LCG 2016/9 is being updated to reflect the new transfer balance credit arising from the repayment of a limited recourse borrowing arrangement and changes to the treatment of transition to retirement income streams.

    Expected completion
    To be advised

    Comments
    Draft amendment to LCG 2016/9 was published on 26 September 2017.

    [3891] Transitional CGT relief for complying superannuation funds and pooled superannuation trusts

    Title
    Amendment to LCG 2016/8
    Superannuation reform: transitional CGT relief for complying superannuation funds and pooled superannuation trusts

    Registered
    1 September 2017

    Purpose
    The Treasury Laws Amendment (2017 Measures No. 2) Act, which received Royal Assent on 22 June 2017, made a number of minor and technical amendments to the 2016 superannuation reform package. LCG 2016/8 is being updated to reflect changes that apply to transition to retirement income streams and pooled superannuation trusts.

    Expected completion
    To be advised

    Comments
    Draft amendment to LCG 2016/8 published on 28 September 2017.

    [3892] Total superannuation balance

    Title
    Final amendment to LCG 2016/12
    Superannuation reform: total superannuation balance

    Registered
    1 September 2017

    Purpose
    The Treasury Laws Amendment (2017 Measures No. 2) Act, which received Royal Assent on 22 June 2017, made a number of minor and technical amendments to the 2016 superannuation reform package. LCG 2016/12 is being updated to reflect the changes made to the treatment of transition to retirement income streams.

    Expected completion
    To be advised

    Comments
    Draft amendment to LCG 2016/12 published on 26 September 2017.

    Last modified: 16 Nov 2017QC 50320