Superannuation Bill and Discussion Paper

March 22, 2011

• The Federal Opposition has introduced a private member’s Bill — the Abolition of Age Limit on Payment of the Superannuation Guarantee Charge Bill 2011 — into the House of Representatives on 28 February 2011. The Superannuation Bill proposes to abolish the age limit on payment on the superannuation guarantee for employees.  At present, the superannuation guarantee is payable for employees up to the age of 70.
 If passed, the Superannuation Bill will come into effect on the day it receives Royal Assent.

• Additionally, the Federal Government has released a new discussion paper on increasing the concessional contribution caps for people aged 50 and over with a retirement savings ba;ance of less than $500,000.  This follows industry criticism of the recent lowering of the concessional caps to $25,000 for people less than 50, and $50,000 for people aged 50 and over.

 According to government statistics the possible changes could have a positive impact on  275,000 people, and if introduced is expected to take effect from 1 July 2012.

 The discussion paper consultation period ends on 25 March 2011. 


For further information speak with a Leenane Templeton financial advisor:

Visit  Leenane Templeton 

and Self Managed Super Fund Home



The information contained in this document is based on information believed to be accurate and reliable at the time of publication. Any illustrations of past performance do not imply similar performance in the future.

To the extent permissible by law, neither we nor any of our related entities, employees, or directors gives any representation or warranty as to the reliability, accuracy or completeness of the information, or accepts any responsibility for any person acting, or refraining from acting, on the basis of information contained in this communication.

This information is of a general nature only. It is not intended as personal advice or as investment recommendation, and does not take into account the particular investment objectives, financial situation and needs of a particular investor. Before making an investment decision you should read the product disclosure statement of any financial product referred to in this newsletter and speak with your financial planner to assess whether the advice is appropriate to your particular investment objectives. financial situation and needs.


Except as required at law, Leenane Templeton The Self Managed Super Specialists Pty Ltd does not represent, warrant and/or guarantee that the integrity of this communication has been maintained nor that the communication is free of errors, virus, interception or interference. It is the responsibility of the recipient to virus check this web site and any attachments.

Previous post:

Next post: