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  • CRT Alert 050/2016

    Superannuation changes have received royal assent

    The changes to the superannuation system announced by the Australian Government in the 2016–17 Budget have now received royal assent. Some of your reporting obligations will change as a result.

    An overview of the changes is available and more detailed information is progressively being published. This overview includes summary impacts for what APRA-regulated funds need to do before 1 July 2017 and your new obligations after 1 July 2017.

    You may start receiving queries from members affected by the introduction of a transfer balance cap on pension-phase accounts. Immediately-affected individuals need to take action before 30 June 2017. Draft Law Companion Guidelines are being progressively released to help understand this and other super changes.

    Keep informed about updates

    We will update the Super changes for APRA-regulated funds overview page as we continue to develop new content to help you through the changes to the super system.

    You can keep up to date by:

    • regularly checking the What’s new page
    • subscribing to our alert service to receive an email or RSS feed alert. When you subscribe, select ‘Super’ in the subscription choices.

    Please note that the subscription service is currently being upgraded and will be available again from 17 December 2016.

    Provide feedback

    In addition, you can use our new Superannuation Community pageExternal Link on Let’s Talk to provide feedback. Our Let’s Talk page is designed to enable people working in the superannuation industry to engage with us online, share opinions and provide feedback on superannuation topics, services and policy.

      Last modified: 21 Dec 2016QC 50788