Happy holidays

Article Abstract:

Issues relating to the position of surpluses in defined benefit superannuation schemes are discussed. This is the matter of some debate in Australia and other common-law countries, fuelled by the practice of corporate superannuation funds accessing the surpluses of members of defined benefits in order to fulfill contribution requirements.

Forecasts and trends, Surveys, Investment companies, Hybrid instruments (Finance), Hybrid instruments (Securities)

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Cutting edge

Article Abstract:

The demand by the superannuating industry for a reduction in the 15% upfront super contributions tax, which was ignored by the Federal government, is reported. The electoral position of the government has become strong and it has also stimulated the economy by handing back the equivalent of recent bracket creep to all its taxpayers.

Public Finance Activities, Legal issues & crime, Government regulation (cont), Government regulation, Legal/Government Regulation, Tax Rates, Laws, regulations and rules

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Double take

Article Abstract:

The Australian taxation Office scrutinized the retirees' recontribution of cash into funds. The major tax advantages of such deposits in the Australian economy are discussed.

Taxes, Retirement income

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