Education

• Only the attributed proportion of taxableSuperannuationEarningsrelating to balances above the relevant threshold.

• The package includesTrusteeeducation, identifiable bank accounts, additional reporting and new rollover-prevention powers.

• No. It is an announced reform and has not yet been enacted.

• The announcement refers to fraud, financial abuse, misconduct or potential harm.

• The Compensation Scheme of Last Resort can compensate eligible consumers after other recovery avenues have failed.

• Government figures indicate almost 12,000 people and around AUD 1 billion in retirement savings were affected.

• No. The proposal focuses on new SMSFs linked to investigations involving fraud, abuse, misconduct or potential harm.