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DSPANZ provided a submission on the Taxation (Annual Rates for 2023-24, Multinational Tax, and Remedial Matters) Bill on 14 July 2023. 

This submission raised feedback on the following amendments:

  • Trustee tax rate - deceased estates
  • Taxation of backdated lump sum payments
  • Remedial items - correcting extra pay inaccuracy. 

More broadly, we recogised there may be a short time between the legislation passing and when many amendment take effect. DSPANZ encouraged the government to work alongside DSPs if they are expecting shorter timeframes for implementation. 

Access a copy of this submission here.

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