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  • New cross-agency process for innovative retirement income stream products

    From 1 July 2017, the government will extend the tax exemption on superannuation earnings in the retirement phase to new innovative retirement income stream products.

    Offering these products will provide your members with:

    • greater choice and flexibility
    • options to manage the risk of outliving their retirement savings
    • options to enhance their standard of living in retirement.

    To support you in developing new innovative retirement income stream products for your members, the government is providing a single pathway for you to engage with us and the following agencies about these products:

    • the Australian Prudential Regulation Authority (APRA)
    • the Australian Securities and Investments Commission (ASIC)
    • the Department of Social Services (DSS).

    We will take lead responsibility as the coordinator of this new cross-agency process.

    We will provide a central entry point and request form for you to provide details of your proposed innovative retirement income stream products.

    The cross-agency process is voluntary and you can use it at any time during the development of your innovative retirement income stream products. The process allows you to test concepts and seek information and guidance on how these products meet the relevant legislation.

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      Last modified: 12 Jul 2017QC 52875