Business Services Industry
Study queries super reform boost.
Australasian Business Intelligence, July, 2006
Byline: Brendan Swift
Jul 20, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Debate continues about the effect of the Australian Government's recent superannuation reforms. An Access Economics study has found that a cut to the 15 per cent contributions tax would have had a bigger impact than the changes to tax on earnings and withdrawals. Economist Doug Ross told a University of New South Wales conference on 20 July 2006 that his study showed that super contributions would increase by only 2.6 per cent as a result of the changes, compared with 5.8 per cent if the tax on money going into the funds had been cut instead. However, Sunsuper reports that the industry received record inputs of $A300m in June 2006, about a third more than expected,...
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