Australia

Details

  • Service: Tax, Superannuation & Pension Funds, Topics, Federal Budget
  • Industry: Financial Services, Superannuation
  • Type: Business and industry issue
  • Date: 15/05/2013

Superannuation

KPMG's Superannuation practice offers a range of services to superannuation funds, life offices, employers and fund trustees.

Superannuation & Pension Funds

KPMG’s Superannuation & Pension Funds provides tax, advisory and compliance services to public sector, public offer, industry and corporate funds.

2013 Federal Budget and the superannuation industry 

The following commentary deals with the Budget announcements and the earlier announcements of 5 April 2013, which followed growing media attention and public debate.

Key insights

  • From 1 January 2016, the government will extend the requirement to pay monthly Pay As You Go (PAYG) income tax instalments to other large entities in the PAYG system, including superannuation funds.
  • Against a background of recent media attention, the government will seek to introduce legislation from 1 July 2013 to prevent investors engaging in 'dividend washing' and, in effect, trading franking credits.
 

Share this

Share this

Federal Budget contacts

If you would like to discuss the Federal Budget, our KPMG Partners are available for comment.

Federal Budget 2014

Federal Budget 2014
KPMG's review of the major implications arising from the 2014 Federal Budget.