Topic
Superannuation
113 published works
Bright Law Blog
Permanent tax relief for merging superannuation funds
The Treasury Laws Amendment (2020 Measures No. 1) Bill 2020 has been introduced into the House of Representatives to provide permanent relief from CGT liabilities to superannuation funds in the…
Tax
Australian Superannuation Tax Rules in the U.S. (Summary 2020)
By Golding, Golding Board-Certified Tax Law Specialist
U.S. Tax on Australian Superannuation Funds U.S. Tax on Australian Superannuation Funds: The U.S tax on Australian Superannuation Funds analysis is complicated and (unnecessarily) complex. U.S. persons who own an…
Bright Law Blog
Insurance in superannuation
Both ASIC and APRA have recently released reports on insurance in superannuation. ASIC Report on Industry implementation of the Voluntary Code of PracticeASIC REP 646 Insurance in superannuation 2019–20: Industry…
Bright Law Blog
Superannuation Changes Industry roadmap
The ATO has published the Superannuation Changes Industry Roadmap which details the changes affecting the super industry up until the end of December 2020. The changes include those resulting from…
Bright Law Blog
Case note APRA v IOOF: duties of superannuation fund trustees and directors
In Australian Prudential Regulation Authority v Kelaher [2019] FCA 1521 Justice Jagot of the Federal Court decided that APRA failed to prove any of the contraventions of the Superannuation Industry…
Litigation Finance Journal
Slater & Gordon Launch Third Superannuation Class Action with Funding from Therium
By John Freund
Slater & Gordon Launch Third Superannuation Class Action with Funding from Therium Therium Capital Management is funding a superannuation class action brought by Slater & Gordon. This will be the…
Bright Law Blog
APRA finalises Prudential Standard SPS 515 Member Outcomes for superannuation licensees
The Australian Prudential Regulation Authority (APRA) has finalised its review of Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) following the passage of Treasury Laws Amendment (Improving…
Bright Law Blog
Superannuation trustees: influencing employers through improper inducements
ASIC has issued Infosheet 241 to give guidance to superannuation trustees in relation to the recently amended section 68A of the Superannuation Industry (Supervision) Act 1993 which provides that using…
Bright Law Blog
Tax on compensation received by super funds from financial institutions and insurance providers
The ATO has published a fact sheet on tax payable by a super fund which receives compensation from a financial services provider or insurance provider for breach of contract or…
Bright Law Blog
APRA superannuation regulation updates
APRA has published a series of letters regarding superannuation regulation changes. APRA’s directions power The Australian Prudential Regulation Authority (APRA) has welcomed the passage of legislation granting it stronger powers…