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2021 list of legislative changes
This page shows legislation for the 2021 calendar year which we are keeping an eye on. It is updated throughout the year. Please note that:
The Optimo Pathfinder model only includes legislation that has been passed in both houses of parliament and received Royal Assent from the Governor General. However, we are constantly monitoring proposed changes so that if they become law, Pathfinder is updated quickly.
If you did your case analysis before a change was implemented, you can refresh your results with the new legislation by clicking the Start solve button (under the Results step > Solve step).
For the latest list of technical and legislative updates, please see Summary of releases
Proposed change | Status* | Details |
|---|---|---|
Amount able to be withdrawn from super for the First Home Super Saver Scheme is increased from $30,000 to $50,000. (Proposed in Budget 2022) | Will not be implemented in Pathfinder | The First home Super Saver Scheme has not been implemented in Pathfinder, so we are not actively monitoring the progress of this proposed change. |
Age to access downsizer contribution to super decreased from 65 to 60 (Proposed in Budget 2022) | Will not be implemented in Pathfinder | The Downsizer scheme is not implemented in Pathfinder, so we are not actively monitoring the progress of this proposed change. However, there is a workaround to model the Downziser scheme with whichever age is appropriate. See How to model downsizing contributions to superannuation (a workaround) |
Retention of LAMITO for 1 more year (Proposed in Budget 2022) | Implemented in Pathfinder 28 Jun 2021 |
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The work test for making voluntary contributions to super via salary sacrifice or non-concessional contributions for those aged 67 to 74 has been removed. Note that the test still applies for personal deductible contributions. (Proposed in Budget 2022) | Implementation in progress | Treasury Laws Amendment (Enhancing Superannuation Outcomes for Australians and Helping Australian Businesses Invest) Bill 2021: Chapter 4 |
Removal of minimum monthly salary to receive the super guarantee. (Proposed in Budget 2022) | Implemented in Pathfinder 18 Feb 2022 | Technical update: CPI, AWOTE & Super parameter changes (Ui-te-Rangiora v2) |
*Explanation of Statuses
Being monitored - this means that the the bill has been proposed, but has not been given Royal asset, so Optimo is keeping an eye on it, and it has not been implemented in Pathfinder
Implemented in Pathfinder - The legislation has been passed, given royal assent and has been implemented in Pathfinder
Will not be implemented in Pathfinder - This has been given Royal assent, but will not be implemented in Pathfinder because it is not a popular scheme. However, you can contact us to request and workaround.
No longer proposed – This proposal has been scrapped. It is not in Pathfinder.