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Article: [16] Reminder: transitional rules for defined benefit super funds ended on 31.12.05.
- Article from:
- Australasian Business Intelligence
- Article date:
- January 16, 2006
CopyrightCOPYRIGHT 2006 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: Terry Hayes
Jan 16, 2006 (Weekly Tax Bulletin - ABIX via COMTEX) -- The Australian Government announced in May2004 that small superannuation funds would nolonger be able to issue new defined benefit pensions. A period of transition under whichnew pensions could be started ended on 31December 2005. The Tax Commissioner hasadvised that he does not have the power to extend the period, while noting that the bandoes not apply to the payment of ...
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