Disclosure would cut super tax

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AUSTRALIA - Staff could avoid paying an additional tax of up to 35% on employer's superannuation contributions by amending disclosure rules to allow employers to provide their employees' tax file numbers (TFN) to superannuation funds, Mercer has claimed.

Mercer chief executive Peter Promnitz said, with some large funds reporting they were missing TFN for half of their members, it was likely the no-TFN rules would see the benefits of the new superan...

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