Superannuation Budget Highlights 2019

• Members of regulated superannuation funds will not have to meet the work test after 1 July 2020 if they are 65
or 66 years of age.
• The restrictions on claiming the spouse contribution tax offset will be eased from 1 July 2020, giving 70 to 74-
year old spouses eligibility.
• The calculation of exempt current pension income will be simplified for superannuation funds from 1 July 2020,
allowing a preferred method of calculation and removal of some actuarial certificates.
• Transitional tax relief for merging superannuation funds will become permanent from 1 July 2020.
• SuperStream will be expanded from 31 March 2021 to include electronic ATO requests for release of
superannuation funds and SMSF rollovers.
• An expression of interest process will be undertaken to identify options to support establishment of a
Superannuation Consumer Advocate.

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