PHOTO: David Littleproud, leader of The Nationals, says it’s good news that Labor’s proposed SMSF policy has been delayed.
Farmers who hold properties in self-managed super funds (SMSFs) have had a reprieve – for now – from proposed new regulations that would tax any increases in the family farm’s asset value if it were held in a SMSF worth more than $3 million.
Labor’s SMSF tax policy brought widespread condemnation from the farming sector and opposition government and will now be mothballed until after the next election.
Leader of The Nationals David Littleproud questioned Minister for Agriculture, Fisheries and Forestry, Julie Collins about the impact of the tax…