Super proposals 'a leaking sieve', says lawyer
The raft of exemptions announced by the government for the $500,000 cap is giving rise to further complications and inequality, and could result in all retrospectivity being removed from the proposed change, claims a lawyer.
DBA Lawyers director Daniel Butler says the concessions the government is seeking to carve out of the proposed legislation for a $500,000 lifetime cap on non-concessional super contributions will be difficult to apply in practice and will lead to “unnecessary and detailed analysis”.
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