- Advocacy
SMSF Association Submission
The SMSF Association welcomes the opportunity to provide this submission in response to this Committee in response to the Inquiry into the joint Bills Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023 and the Superannuation (Better Targeted superannuation Concessions) Imposition Bill 2023.
The changes proposed in these Bills are significant and complex, yet this is a policy that has been rushed and has not considered any alternative design models in the consultation process. Legislative drafting errors and deficiencies in the policy design were identified during the consultation process remain in the Bills tabled. This is despite these issues being raised with Treasury through both direct engagement and the formal consultation processes.