Changes have been made to the Super Choice rules with the view to simplify employee superannuation by preventing the opening of multiple funds for one person. In essence; 1 superfund from 1/11 – clever! MSI's Melbourne accounting member Morrows Pty Ltd explains more in this blog post.
Not having received much press, this announcement is equally relevant but perhaps somewhat overshadowed by the super’s one-hit-wonder announcement, ladies and gentlemen, the increase of the superannuation guarantee charge from 9.5% to 10% following the