| Market watch website | Subscribe for latest news | Webcasts | PODcasts |
| General News | | | Legislative changes | | | Superannuation strategies | | | Products & services | | | Investment markets |
Same sex and de facto legislative changes
De facto couples in participating jurisdictions (excluded if either party is ordinarily resident in WA or SA) will also be able to enter into binding financial agreements – before, during or after the breakdown of their relationship. Same sex superannuation entitlementsThe Same-Sex Relationships (Equal Treatment in Commonwealth Laws-Superannuation) Act received Royal Assent on 4 December 2008. The legislation amends the definition of 'spouse' and 'child' in the Superannuation Industry Supervision (SIS) to ensure that persons in same sex and de facto relationships (as well as their children) are potentially entitled to superannuation (and anti-detriment) benefits as dependants upon death. Members will also be able to split superannuation contributions with a same sex partner. Plum is currently analysing the impacts of these changes and will be implementing the necessary system and procedure changes over the coming months. |