AUSTRALIA - The government has taken on board the Business Regulatory Taskforce's call for simplification of superannuation tax rules but refused to raise the super guarantee exemption threshold by more than 100% to A$800 a month.
In the report, Rethinking Regulation, the taskforce claimed the increase, from $450 per month to $800, would represent approximate indexation to average weekly ordinary time earnings since 1992. It...
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