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Exposure Draft Regulations for Superannuation Death Benefits

Date:

Tuesday, 17 May 2005

Content ID:

978

Abstract:

Exposure draft regulations for superannuation death benefits – refining the meaning of interdependency relationship

During the 2004 year, the Government expanded the definition of dependant for the purposes of the payment and taxation of superannuation death benefits. As a result of those amendments, people in interdependency relationships can receive their partner’s superannuation tax free in the same way as a spouse (including de facto spouse), child (under 18) or person who is financially dependent on the deceased fund member.

Currently, two people are in an interdependency relationship if they have a close personal relationship, reside together, one or each of them provides the other with financial support and one or each of them provides the other with domestic support and personal care.

Two people are also in an interdependency relationship if they have a close personal relationship but are unable to satisfy the other elements of the definition because of a disability. The draft regulations provide a number of elements that will assist in determining whether an interdependency relationship exists, as well as confirm a number of specific situations in which an interdependency relationship does or does not exist.

Submission closing date: 17 June 2005

Address written comments to:

Manager
Retirement Income and General Rules Unit
The Treasury
Langton Crescent
PARKES ACT 2600

Email: superannuation@treasury.gov.au.

Documents Available:


Acrobat (PDF) documents

 Acrobat (PDF)

Superannuation Industry (Supervision) Amendment Regulations 2005 (No. )  19.05kb
Retirement Savings Accounts Amendment Regulations 2005 (No. )  16.18kb
Income Tax Amendment Regulations 2005 (No. )  15.83kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Superannuation Industry (Supervision) Amendment Regulations 2005 (No. )  177.36kb
Retirement Savings Accounts Amendment Regulations 2005 (No. )  179.56kb
Income Tax Amendment Regulations 2005 (No. )  179.76kb

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