Income Tax Point-in-Time Service Updates

The Income Tax Point-in-Time Service has been updated to include the Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) Act 2024 (Cth) (Act No 90 of 2024).

Act 90 of 2024

The Act adds a superannuation contribution to the Commonwealth-funded Paid Parental Leave Scheme. Schedule 2 to the Act includes amendments to the Income Tax Assessment Act 1997 (Cth) and the Taxation Administration Act 1953 (Cth) that are consequential to the Paid Parental Leave Superannuation Contribution-related amendments in Schedule 1 to this Act.

These amendments have been updated in the Point-in-Time Income Tax Service current to 10 October 2024 (NB: subscription required).

If you are not already a subscriber to this or other Point-in-Time Services then please contact us to find out more or to take a free trial.