Corrs In Brief: MySuper Bill introduced into Parliament & Tax Concession for Low Income Earners announced
3rd Nov 2011
The Government today introduced the Superannuation Legislation Amendment (MySuper Core Provisions) Bill 2011 into Federal Parliament. The Bill introduces the core framework for the MySuper product, which is designed to be a simple and cost-effective default product for the superannuation industry.
The Government has also introduced the Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011, which will offset the impact of the 15% contributions tax on low income earners.
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