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  • CRT Alert 056/2017

    25th July 2017

    Open for consultation – housing-related superannuation measures

    The Government's draft legislation for two new measures introduced in the May 2017 Federal Budget is now available for consultation on the Treasury website, including fact sheets and an explanatory memorandum.

    As part of a package of measures designed to reduce pressure on housing affordability, the ATO will be responsible for administering two measures affecting the superannuation system.

    The first measure, called the First Home Super Saver Scheme, would allow individuals to use their superannuation to save for their first home. The second is referred to as the 'downsizing' measure and would allow older Australians to contribute the proceeds of a property sale into their superannuation.

    Consultation submissions close on Friday 4 August 2017.

    Next steps:

      Last modified: 25 Oct 2017QC 52972