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: Australian Regulatory Compliance ReviewAccess by persons with a terminal medical condition to their superannuation benefits
The Superannuation Industry (Supervision) Amendment Regulations 2008 (No. 1) amend the Superannuation Industry (Supervision) Regulations 1994 to create a new condition of release to allow persons with a terminal medical condition unrestricted access to their superannuation benefits.
The change complements the Tax Laws Amendment (2008 Measures No. 1) Bill 2008 which was introduced into the House of Representatives on 13 February, to make superannuation lump sum payments tax free where paid to persons suffering from terminal medical conditions.
Full post as published by Australian Regulatory Compliance Review on February 14, 2008 (boomark / email).
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