Tax & Super Australia (TSA) has welcomed the passage of legislation which aims to reduce complexity and make it easier for older Australians contribute to superannuation.
Several superannuation proposals announced in the 2021 Federal Budget were introduced into Parliament in the Treasury Laws Amendment (Enhancing Superannuation Outcomes for Australians and Helping Australian Businesses Invest) Bill 2021. This Bill has passed both houses of Parliament without amendment and awaits Royal Assent to become law.
Read the full submission here.