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Current IssueApril 2008: Super and the New Federal GovernmentReflection on the new Labor government and its commitment to retaining the Better Super changes, however, it may introduce further changes in the upcoming Budget. Compliance reports were required to be submitted to AUSTRAC by 31 March 2008.
New AML/CTF obligations commence in December 2008. Under new changes currently before Parliament, employers will be able to offset late paid SG contributions against any SG charge owing. There are a number of changes that commence on 1 July 2008 that trustees and their employer sponsors should be aware of. One of the lower profile Better Super changes may cause significant disadvantages to some employees and their dependants.
The information in this publication is general information only and does not take into account your particular objectives, financial circumstances or needs. It is not personal advice. You should consider obtaining professional advice about your particular circumstances before making any financial or investment decisions based on the information contained in this document. Watson Wyatt Australia Pty Ltd
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