The Australian Financial Review --- Page: 5 : 12 September 2007 Original article by Fleur Anderson
LexisNexis Summary
The Australian Government will permit superannuation fund members with a terminal medical condition to receive tax-free lump sums. Amendments to be introduced on 12 September 2007 will allow terminally ill fund members under the age of 60 to gain early access to their super without incurring a tax penalty of up to 21.5 per cent on part of the payout. The Government has changed the super laws governing terminally ill people in response to a letter from Christina Fiddimore, a Sydney mother who has cancer.
