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.
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Submission to the Treasury on Exposure Draft legislation.
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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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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.
Read moreCA ANZ media releases related to this policy
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- People should not have to borrow money to pay tax
- CA ANZ calls for superannuation tax concessions policy to be scrapped
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