Date posted: 01/05/2024

Joint submission on Better Targeted Superannuation Concessions Draft Regulations

Chartered Accountants Australia & New Zealand (CA ANZ), CPA Australia, Financial Advice Association of Australia (FAAA) and the Institute of Public Accountants appreciate the opportunity to respond to the Draft Regulations consultation presently underway at Treasury.

It is our overall view that these draft regulations demonstrate again that the Better Targeted Superannuation Concession (BTSC) is poorly designed and needs to be redesigned.

Better targeted superannuation concessions senate inquiry

Inquiry into Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023 and the related Superannuation (Better Targeted Superannuation Concessions) Imposition Bill 2023.

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Better targeted superannuation concessions - Exposure Draft

Submission to the Treasury on Exposure Draft legislation.

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Submission on Better Targeted Superannuation Concessions

On balance CA ANZ does not support the measure to reduce the tax concessions on individuals’ superannuation when total super balance exceeds $3 million.

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Associations call for amendments to address problematic super tax

The Joint Associations Working Group (JAWG) is calling for crucial amendments to the Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023, to avoid significant unintended consequences and unfair outcomes for consumers, small businesses, advisers and the government.

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