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Treasury Laws Amendment (Innovative Superannuation Income Streams) Regulations 2017

This consultation process has now been completed. Submissions available
Date
-
Consultation Type
Exposure Draft

Key Documents

The Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP, released draft superannuation income stream regulations and a draft explanatory statement for public consultation.

The regulations continue the implementation of the Government’s superannuation reforms and introduce a new set of design rules for lifetime superannuation income stream products that will enable retirees to better manage consumption and longevity risk in retirement. The regulations are intended to cover a range of innovative income stream products including deferred products, investment-linked pensions and annuities and group self-annuitised products.

Superannuation funds and life insurance companies will receive a tax exemption on income from assets supporting these new income stream products provided they are currently payable or, in the case of deferred products, held for an individual that has reached retirement.

Submissions

16 submissions were received for this consultation, including 2 confidential submissions.

Actuaries Institute - pdf 57.84 KB
Challenger - pdf 1.22 MB
Industry Super Australia - pdf 438.54 KB
KPMG - pdf 517.57 KB
Mercer - pdf 57.73 KB
Mine Wealth - pdf 502.95 KB
UniSuper - pdf 762.04 KB