SUPERANNUATION
No further major reforms announced
The Treasurer did not announce any new major superannuation measures in the Budget. This will be a welcome relief for the superannuation industry, which is already suffering from "reform fatigue”.
Several minor superannuation measures were announced, including the announcement that the Government will cease late registrations for the Pension Bonus Scheme from 1 March 2014. All those eligible for the scheme will still have an opportunity to register before 1 March 2014 and receive the bonus.