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  • Self-managed super funds – relaxing residency requirements

    On 11 May 2021, as part of the 2021–22 federal Budget, the Australian Government announced it will relax the residency requirements for:

    • self-managed super funds (SMSFs), and
    • small Australian Prudential Regulation Authority (APRA) regulated funds.

    This measure is not yet law.

    The measure will allow members to continue to contribute to their superannuation while temporarily overseas (for up to five years), by

    • extending the safe harbour provisions of the central control and management test from two to five years for SMSFs, and
    • removing the active member test for both SMSFs and small APRA-regulated funds.

    See also:

      Last modified: 11 May 2021QC 65633