INDUSTRY NEWS
Allocated Pensions and the issue of Certificates
Source: Supercorp Australia 'News'
2nd May 2000


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Item 43 of The New Business Tax System (Miscellaneous) Bill (No. 2) 2000 repeals section 273A and 273B and substitutes them with amended legislation.

Essentially, this means that from 1 July 2000, an actuary is no longer required to provide an actuary certificate for an allocated pension - A cost saving to funds paying allocated pensions.




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