Nila Sweeney

Super funds including SMSFs will be restrained from speculative trading by new measures announced in the Federal Budget. The changes mean shares would now be treated as capital items rather than trading stocks, so any capital losses would now be offset against capital gains rather than any other income. The government announced it is removing the exception for super funds trading stocks immediately. The measure is intended to reduce aggressive trading by super funds including SMSFs, as well as reducing fees and risks associated with trading a high volume of stocks.

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