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2022 list of legislative updates
This page shows legislation for the 2022 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 by clicking the Start solve button at the Solve sub-step (under the Results step).
For the latest list of technical and legislative updates, please see our Release notes here.
Change | Status* | Details | Release notes |
|---|---|---|---|
Removal of the monthly minimum threshold for salary or wages to count towards the superannuation guarantee for 2022/23 onwards. | Implemented | Treasury Laws Amendment (Enhancing Superannuation Outcomes for Australians and Helping Australian Businesses Invest) Bill 2021: Chapter 7. | Technical update: CPI, AWOTE & Super parameter changes (Ui-te-Rangiora v2) |
Increase to the cut-off age to access the the bring forward non-concessional contributions rule from 67 to 75 for 2022/23 onwards. | Implemented | Treasury Laws Amendment (Enhancing Superannuation Outcomes for Australians and Helping Australian Businesses Invest) Bill 2021: Chapter 4. | |
Extension of the minimum pension drawdown rate reductions into 2022/23 (Proposed in 2023 Budget). | Implemented | Superannuation Legislation Amendment (Superannuation Drawdown) Regulations 2022. | Technical update: 2023 Budget changes, CPI and AWOTE (Voss v2) |
Increase to the low and middle income tax offset by $420 for 2021/22 onwards (Proposed in 2023 Budget). | Implemented | Treasury Laws Amendment (Cost of Living Support and Other Measures) Bill 2022: Chapter 6. | |
Increase to the Medicare levy low-income thresholds for singles, families and seniors and pensioners (by CPI) for 2021/22 (Proposed in 2023 Budget). | Implemented | Treasury Laws Amendment (Cost of Living Support and Other Measures) Bill 2022: Chapter 1. |
*Explanation of Statuses
Being monitored - The bill has been proposed, but has not been given Royal assent. Optimo is keeping an eye on it, and it has not been implemented in Pathfinder.
Implemented - The bill has been passed, given Royal assent, and has been implemented in Pathfinder.
Implementation in progress - The bill has been passed, given Royal assent, and work is in progress to implement this in Pathfinder.
Will not be implemented - The bill has been passed and given Royal assent, but will not be implemented in Pathfinder because it is not a popular scheme. However, you can contact us to request a workaround.
No longer proposed – This proposal has been scrapped. It is not in Pathfinder, and will not be implemented.