Capital gains tax and loss relief to facilitate superannuation reforms

An amendment to the Income Tax Assessment Act 1997 provides temporary taxation relief to eligible superannuation funds in the forms of loss relief and capital gains tax roll-over relief. It ensures that income tax considerations do not prevent mergers of super funds or transfers of members' benefits and relevant assets, in transitioning to Stronger Super and MySuper.

The tax relief will be available to complying super funds (excluding self-managed super funds) or approved deposits funds that merge with a complying super fund with five or more members.

The tax relief is available for mergers that occur on or after 1 October 2011 and before 2 July 2017.

Legislation and supporting material

The following legislation received royal assent on 28 November 2012:

Media release

For more information refer to:

More information

    Last modified: 27 Aug 2014QC 26117