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Article: [1992] Last chance to implement DIY defined benefit pensions.
- Article from:
- Australasian Business Intelligence
- Article date:
- December 9, 2005
CopyrightCOPYRIGHT 2005 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Stuart Jones
Dec 09, 2005 (Weekly Tax Bulletin - ABIX via COMTEX) -- The Australian Government announced in its2004 Budget that it would put a stop to theprovision of defined benefit pensions by small superannuation funds. Its ban appliesto funds with less than 50 members, althoughpeople who were members of such funds on 11 May 2004 can still establish a definedbenefit pension, provided that they do soprior to 1 January 2006. Such pensions have become quite ...
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