The Henry Tax Review Document
Date Released – 2 May 2010 – PDF
Above are the Henry tax reform Documents ( .doc . pdf ) for download
Copyright © Commonwealth of Australia 2010
The cooper review’s FINAL REPORT was released by the Government on 5 July and included 177 recommendations across 10 broad categories. The cooper review recommends sweeping structural changes, the review makes significant changes to retirees with an income stream that addresses investment, inflation and longevity risks – as part of the recommended MySuper options.
The review will keep the superannuation industry busy with two major proposals called SuperStream and MySuper, which Treasury estimates will reduce fees for the average member by 40% in the long run, lifting their final account balance at retirement by about 7%.
Cooper Review’s recommendations
A number of the cooper Review’s recommendations relate to trustee and investment governance and management , including a new statutory office of ‘trustee director’ and greater use of non-associated directors. There will be an increased focus on risk management, including liquidity management and the use of operational risk reserves.
5 July 2010 – Government Releases Cooper Review into Superannuation – The Hon Chris Bowen MP, Minister for Financial Services, Superannuation & Corporate Law
30 June 2010 – Super System Review Panel delivers final report to Government – Super System Review
The Cooper Review website can be viewed at www.supersystemreview.gov.au/ from which a full list of the panellists can be obtained plus copies of relevant papers.
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