Sladen Thoughts
Stay up to date with Legal Industry news and updates. Sladen Legal provide regular updates on changes and news in the Australian Legal Industry.
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Sladen Snippet – new superannuation measures effective 1 July 2022
A quick reminder of the new superannuation measures which are effective as of 1 July 2022:
Sladen Snippet - Legislation released for welcome superannuation changes
As previously discussed here, the May 2021 budget announcements included a number of changes aimed at increasing flexibility in the superannuation system. Some of these key changes have now been introduced to Parliament as part of the Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Bill 2021 (Bill).
Sladen Snippet – SMSFs can have 6 members from 1 July 2021
The Bill which increases the maximum allowable number of members in an SMSF to six (the current maximum is four members) has passed both houses of Parliament and is now law. From 1 July 2021, SMSFs can now have anywhere between one to six members.