House debates

Wednesday, 8 March 2023

Questions without Notice

Superannuation

2:40 pm

Photo of Stephen JonesStephen Jones (Whitlam, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

The current law requires that superannuation trustees, including the trustees of self-managed superannuation funds, have provision within the fund for liquidity. We understand a change like this is going to represent a challenge for some funds, which is why we are consulting about the implementation of it and will ensure that there are transition arrangements. This might be difficult for them over there to understand— (Time expired)

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