Three month extension of optional CGT loss rollover for complying super funds

On 3 May 2011, the government announced a three month extension to the optional capital gains tax loss rollover for complying super funds measure.

The measure permits the rollover of capital losses and transfer of revenue losses. This loss relief is available for complying super funds and approved deposit funds that merge with a complying super fund with five or more members. The loss transfer and asset rollover will preserve the offsetting value of the losses.

This measure will now be available for mergers that occurred on or after 24 December 2008 to 30 September 2011.

Media release

For more information, refer to media release No 066, Three month extension of capital gains tax loss relief for fund mergers, issued on 3 May 2011 by the Assistant Treasurer.

Legislation and supporting material

Tax Laws Amendment (2011 Measures No. 7) Act 2011 received royal assent on 29 November 2011. The Explanatory Memorandum is also available.

    Last modified: 16 Jan 2012QC 24819