House debates
Thursday, 1 September 2016
Questions without Notice
Superannuation
3:03 pm
Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source
The honourable member would be well aware that a retrospective change to the tax laws is one which has the result that a transaction in a past tax year, which was not taxed or which incurred a particular rate of tax, is—because of the retrospective law—subject to a different, and typically a higher, rate of tax. There is no retrospectivity in the proposed changes to the non-concessional cap whatsoever.
No comments