Consultation Group for 2018 Super Measures

This short term group is an opportunity to provide information to industry on the emerging administrative design of the super measures announced in and around the 2018-19 Federal Budget. It is also an opportunity for industry to raise questions and issues. The measures to be included in this group for discussion are:

  • Re-versioning the Rollover MIG (including SMSF rollovers)
  • Protecting your super package – unclaimed superannuation and proactive reuniting
  • Better integrity over deductions for personal contributions
  • Work test exemption for recent retirees
  • Preventing inadvertent concessional cap breaches by certain employees
  • SG Amnesty
  • Three-yearly audit cycle for some self-managed superannuation funds
  • Increasing the maximum number of allowable members in self-managed superannuation funds and small APRA funds from 4 to 6.

This short term group is an opportunity to provide information to industry on the emerging administrative design of the super measures announced in and around the 2018-19 Federal Budget. It is also an opportunity for industry to raise questions and issues. The measures to be included in this group for discussion are:

  • Re-versioning the Rollover MIG (including SMSF rollovers)
  • Protecting your super package – unclaimed superannuation and proactive reuniting
  • Better integrity over deductions for personal contributions
  • Work test exemption for recent retirees
  • Preventing inadvertent concessional cap breaches by certain employees
  • SG Amnesty
  • Three-yearly audit cycle for some self-managed superannuation funds
  • Increasing the maximum number of allowable members in self-managed superannuation funds and small APRA funds from 4 to 6.

Ask your questions about proposed new super measures in the Q&As section below. Help us direct your question to the right area by adding the most relevant hashtag from the following list to the end of your post:

  • #RolloverMIG
  • #UnclaimedSuper
  • #NOI
  • #WorkTest
  • #CapBreaches
  • #Amnesty
  • #SMSFAudit
  • #4to6Members

Super measures 2018 Q&As

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  • Hi Again - were you thinking of adding a link to the compassionate release consultation papers on one of the super community pages?

    Natasha_ASFA asked about 2 months ago

    Yes, a message regarding the issues paper will be added to the Super Community page on Let’s Talk.

    Review of the early release of superannuation benefits

  • How did the agenda get circulated for today's meeting???

    Natasha_ASFA asked about 2 months ago

    Good afternoon

    The agenda referred to in the meeting was a reference to the following page on Let’s Talk with the list of topics to be covered

    https://lets-talk.ato.gov.au/SuperMeasures/key_dates#39029

  • #CapBreaches The existing explanatory statement appears to focus on employees exceeding a base salary that would cause them to exceed the concessional cap if they have multiple employers assuming 9.5% SG and the maximum contribution base. However, various EAs and funds require an employer to pay in excess of SG (i.e. 10%, 15.4%) and as a result these are considered to be Mandatory contributions. Is there any considerations being made to accommodate these situations as some individuals would exceed their concessional cap well before they reach the $263k salary requirement for this measure. #CapBreaches

    ATowner asked 4 months ago

    The $263K figure is a notional or guide amount based on SG of 9.5%. It is not a threshold specified as a criterion in the draft law. As you note, where the required contribution rates are greater than 9.5% the income causing a breach of the concessional cap limit will be lower.  

    Assuming other criteria are met, an employee will need to show that they are likely to breach the concessional contributions cap ($25,000).

    Please note that an employer shortfall exemption certificate is for SG purposes only and cannot override any super contribution that is required to be made under a workplace award or agreement.