Article: [16] Reminder: transitional rules for defined benefit super funds ended on 31.12.05.

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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