au iconAU



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.

Super proposals 'a leaking sieve', says lawyer
smsfadviser logo

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”.

Read the full story at InvestorDaily.

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox