SMSF Association head of policy and advocacy, Tracey Scotchbrook and superannuation and financial services leader at Chartered Accountants Australia Tony Negline share their latest insights about the proposed $3 million threshold for members with large balances.
Tracey discusses why an alternative model might result in fairer outcomes for members and also outlines some of the aspects yet to be addressed with the design of the policy so far.
Tony talks about the reaction from the accounting profession so far and also the risk of the calculation methodology being adopted for other types of entities.
Both guests also provide tips on how to approach the discussions about the measure with their SMSF clients.
