COVID-19: United States qualified foreign pension fund considerations arising from early release of superannuation

Peter Oliver and Landon McGraw outline questions relating to the early release of superannuation under COVID-19 relief measures.

Questions have arisen for superannuation funds that rely on the qualified foreign pension fund (QFPF) exception from United States (US) taxation, following the passage of legislation in Australia allowing members early access to superannuation.The Coronavirus Economic Response Package Omnibus Act 2020 (the COVID-19 response) received Royal Assent in Australia on 24 march 2020 and introduced a number of relief and stimulus measures targeted at the COVID-19 crisis.In particular, the COVID-19 re...

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Authors: Peter Oliver, Landon McGrew

Published Date: 15 April 2020