Explain what the transfer balance cap (TBC) is and its purpose of this key tax change was, how it works and in your view do they achieve the Australian Government's objectives. Provide an understanding of what the taxation issues involved are. What is the current law In Australia, and what are its perceived weaknesses/strengths? How does the Australian government propose to address these issues and/or how could this area of the law be reformed?

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The Transfer Balance Cap TBC is a key component of Australias superannuation reforms introduced on July 1 2017 Its primary purpose is to limit the tot... View the full answer