News in brief… 17 September 2019

Legislation update: Superannuation bill passes House of Reps; Geopolitics update: Saudi oil strikes; ATO update: 350,000 small employers transition to STP.

Legislation update: Superannuation bill passes House of RepsThe Treasury Laws Amendment (Putting Members’ Interests First) Bill 2019 passed the House of Representatives on Monday, 16 September.The Bill, which is now before the Senate, proposes to prevent trustees from providing insurance on an opt out basis to members who are under 25 years old and begin to hold a new product on or after 1 October 2019, and to members who hold products with balances below $6000.Geopolitics update: S...

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Published Date: 17 September 2019