Sladen snippet – 6 member SMSF measure removed for now

The Government has withdrawn a measure to increase the maximum number of people who can be members of self managed superannuation funds (SMSFs) from 4 to 6.

Although we understand the measure is still Government policy, due to the inability to pass the measure in the current parliament, the Government was withdrawn the legislation for now.

Notably, Labor currently opposes the measure – meaning, with an election looming, this may not see the “light of day”.

To discuss further or for more information please contact:

Phil Broderick
T +61 3 9611 0163  l M +61 419 512 801   

Ashleigh Eynaud
T +61 3 9611 0129