Tax Laws Amendment (2013 Measures No.1) Bill 2013: Self Managed Superannuation Funds and Related Parties
Submission Date: 16 January 2013
The Law Council of Australia provided a submission to Treasury in relation to the exposure draft of the Tax Laws Amendment (2013 Measures No. 1) Bill 2013: self managed superannuation funds and related parties.
The key issues identified by the Superannuation Committee are potential difficulties with the proposed changes to the following:
- the exemption relating to mergers of funds which assume that an asset will be acquired for value by the transferee fund;
- references to the acquisition or disposal of an asset to the extent it is “money”;
- the anti-avoidance provisions not requiring that there be an intention to avoid the new prohibitions under sections 66A and 66B.
Last Updated on 17/04/2025
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