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  • Advice under development – superannuation issues

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

    [3923] Contributing the proceeds of downsizing to superannuation

    Final Law Companion Ruling
    Housing affordability measure: contributing the proceeds of downsizing to superannuation

    24 May 2018

    Contributing the proceeds of downsizing to superannuation measure is part of the Australian Government’s broader housing affordability package to reduce pressure on housing affordability in Australia. The final Ruling will provide advice on how the measure will apply and clarify new concepts introduced by the measure.

    Expected completion
    September to December 2018

    LCR 2018/D4 published on 24 May 2018. The consultation period has now closed. We have reviewed the submissions received and are incorporating feedback in order to finalise the Ruling. A guidance note will accompany the final Ruling.

    See also:

    [3938] Superannuation income stream

    Addendum to Taxation Ruling TR 2013/5
    Income tax: when a superannuation income stream commences and ceases

    30 August 2018

    TR 2013/5 has been impacted by the legislative amendments flowing from the 2016 Budget announcement of the transfer balance cap, which limits the superannuation interests that a person can have in retirement phase. The Addendum will particularly address the consequences of a superannuation income stream commencing or ceasing.

    Expected completion
    December 2018

    Last modified: 17 Sep 2018QC 50320