Advocacy Submissions

SMSF Association Submission The SMSF Association welcomes the opportunity to put forward our 2022-2023 Pre-Budget submission. We thank the Government and Treasury for the consideration given to our pre-budget submissions in previous years and in particular the key superannuation measures included in last year’s Budget pronouncements. We ask that the Government actively seeks and encourage…

SMSF Association Submission The SMSF Association welcomes the opportunity to provide this submission in response to the Government’s position paper for the proposed introduction of a retirement income covenant. The Association welcomes measures that seek to increase member engagement with their superannuation and importantly planning for their retirement. It is essential that any measures introduced…

SMSF Association Submission The SMSF Association welcomes the opportunities to provide a 2021-2022 Budget submission. In this submission we focus on three significant themes: Complexity Advice Technical issues The SMSF Association’s submission seeks to address these important points and focuses on reducing unnecessary complexity, improving access to advice and addressing some technical issues with the…

SMSF Association Submission The Government has now released their much-awaited Retirement Income Review Report. The Report provides a fact base of the current retirement income system in the context of an ageing society. Its objective is to improve understanding of the system’s operations and the outcomes it is delivering for Australians. The Panel found evidence…

SMSF Association Submission The SMSF Association wrote to Mr James Shipton, Chair, ASIC, in relation to the SMSF Fact Sheet  published in October 2019 and was the subject of questions during the Parliamentary Joint Committee on Corporations and Financial Services (PJC) hearing last week. We understand that ASIC is reviewing this Fact Sheet in light…

SMSF Association Submission Prioritising red tape reduction The SMSF Association welcomes the opportunity to provide a supplementary Budget submission. This submission should be read in conjunction with our previous submission. In this supplementary submission, we focus on red tape and prioritise a number of policy positions to reflect a post COVID-19 environment requiring deregulation. With the…

SMSF Association Submission The SMSF Association (SMSFA) welcomes the opportunity to make a submission to the Retirement Income Review. The SMSF sector comprises over one quarter of the near $3 trillion superannuation assets. There are approximately 1.1 million Australians in 596,000 SMSFs with an average fund balance of $1.2 million and a median fund balance…

SMSF Association Submission The SMSF Association welcomes the opportunity to make a pre-budget submission for the 2020-21 Federal Budget. As leaders of the SMSF sector, we believe we are able to offer insights on some key issues from the perspective of an industry that has grown to represent approximately $750 billion in assets and over…