AuSAE - Government policy changes get SMSF Association’s tick of approval

Government policy changes get SMSF Association’s tick of approval

20 Sep 2016 10:55 AM | Deleted user

The SMSF Association welcomes the Government's proposed changes to their non-concessional contribution (NCC) lifetime cap policy, believing they represent very positive and sensible policy that will reduce administrative complexity and increase opportunities for adequate retirement savings.

SMSF Association Managing Director/CEO Andrea Slattery was responding to the Government's statement today that it is amending its super package by replacing the $500,000 lifetime NCC cap with a new measure that reduces the annual NCC cap from $180,000 to $100,000 up to a superannuation balance of $1.6 million.

She says an annual cap of $100,000, with a three-year bring-forward of up to $300,000, will give people a better opportunity to save an adequate superannuation balance for retirement than that afforded by the lifetime cap.

"The move to cap NCCs to people who have super balances under $1.6 million is an appropriate compromise in light of the original proposal outlined in the 2016 Budget, with the policy goal of making the system more sustainable and better targeted still intact.

"In addition, the new proposal's prospective application date is a welcomed move, removing the lifetime cap's issue of counting contributions back to 1 July 2007."

Slattery says the Association will work with the Government to ensure that the deferral of the ability to carry forward contribution caps made to offset the loss of revenue from the NCC cap shift can still be implemented by 1 July 2018.

"The Association has been a long-time advocate of allowing the carry-forward of concessional contribution caps because they assist women and people with broken work patterns achieve adequacy.

"We believe that this change was a positive element in the 2016 Budget package as they increased the flexibility of the superannuation system and allowed further opportunity for people to make catch-up contributions closer to retirement."

This media release was originally sourced from SMSFA.

Strengthening Trans-Tasman Connections: AuSAE and Tourism New Zealand Business Events Renew Partnership

Association professionals across Australia and New Zealand have even more reason to explore trans-Tasman opportunities. AuSAE is proud to announce the renewal of its longstanding partnership with Tourism New Zealand Business Events, celebrating 11 years of collaboration.

For over a decade, this partnership has strengthened connections between the two countries, helping associations expand networks, share knowledge, and deliver world-class events.

Toni Brearley, CAE, Chief Executive Officer at AuSAE, said:

“Our partnership with Tourism New Zealand Business Events has opened doors for association leaders to plan unforgettable events and connect with peers across the Tasman. Together, we’ve created opportunities, shared knowledge, and elevated the experiences of our members and their delegates. This partnership reinforces our commitment to fostering strong trans-Tasman collaborations, helping associations innovate, grow, and deliver outstanding value to their members.”

Helen Bambry, Business Events Manager at Tourism New Zealand, added:

“Partnering with AuSAE means we can directly support association professionals in bringing their next international business event to New Zealand – offering assistance, funding, and support to ensure exceptional experiences for both organisers and delegates.”

Watch the Tourism New Zealand Business Events video

What this partnership means for you

For Australian associations:

Receive expert guidance and support to bring conferences or member events to New Zealand.
Access funding assistance through Tourism New Zealand Business Events.
Expand your network and build partnerships with New Zealand peers and industry leaders.
Deliver international experiences for members and delegates just across the Tasman.

For New Zealand associations:

Strengthen professional connections with Australian association leaders through AuSAE’s network.
Share expertise and collaborate on professional development, governance, and member engagement initiatives, and more.
Gain visibility within the broader association community in Australia and New Zealand.
Access opportunities to host international association events and delegates in New Zealand, boosting local engagement and knowledge exchange.

About AuSAE:

The home for association professionals, the Australasian Society of Association Executives (AuSAE) is the leading - and only not-for-profit, member-based - organisation supporting association professionals in Australia and New Zealand. For 70 years, AuSAE has been a trusted partner for those working in associations, providing professional development, support, and networking to help association leaders achieve organisational goals, advance their careers, and strengthen the wider sector.

About Tourism New Zealand Business Events:

Tourism New Zealand Business Events provides expert guidance, funding, and support to attract conferences, incentives and corporate events to New Zealand.

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For more information about AuSAE, please contact Toni Brearley, CAE:
Toni Brearley, CAE
Chief Executive Officer, AuSAE
E: toni@ausae.org.au
T: + 61 458 000 155

To apply for funding and support to host a conference in New Zealand contact Helen Bambry:
Helen Bambry
Business Events Manager, Tourism New Zealand
E: Helen.Bambry@tnz.govt.nz
T: +61 415 933 325

The Australasian Society of Association Executives

Contact us:

Email: info@ausae.org.au
Phone: 1300 764 576 (within Australia)
Phone: +61 7 3268 7955 (outside Australia)
Address: Unit 6, 26 Navigator Place, Hendra QLD 4011, Australia