- Advocacy
SMSF Association Submission
The SMSF Association welcomes the opportunity to put forward our 2025 Pre-Budget submission. We thank the Government and Treasury for the consideration given to our previous pre-budget submissions and the opportunity to engage on various matters over the past year.
We thank the Government and Treasury on the registration of regulations to give effect to the Legacy Pension amnesty. These were important reforms, providing essential relief to impacted members who are trapped in old-style, inflexible products, many of whom hold small balances and have high associated compliance costs.
We welcome the opportunity to engage and consult with the Government and Treasury, through open and timely engagement on proposed amendments and measures. Robust consultation processes, with appropriate consultation periods and practical timelines ensure good policy and legislative design, minimising unintended consequences which can cause harm and take considerable time to remediate due to the legislative processes.