• Remove the anti-detriment provision in respect of death benefits from superannuation

    In the 2016-17 Budget it was announced that from 1 July 2017 the anti-detriment provision will be removed in respect of death benefits.

    This provision currently allows superannuation funds to claim a tax deduction for additional lump sum death benefits paid to beneficiaries who are dependants of the member. This additional lump sum effectively refunds the members lifetime contributions tax payments to the estate.

    Legislation and supporting material

    Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016External Link received Royal Assent on 29 November 2016.

    We are committed to providing public advice and guidance to complement the legislation that has been introduced. Further details can be found here.

    Find out more

      Last modified: 03 Dec 2016QC 48873