Industries

Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

How We Work

We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

Learn more

Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

Learn more

Australia: Consultation on amendments to transfer balance credit provisions for superannuation successor fund transfer

Consultation a draft legislative instrument that seeks to amend transfer balance credit provisions for superannuation successor fund transfer

April 4, 2024

Treasury has released for consultation a draft legislative instrument—Treasury Laws Amendment Instrument 2024: Successor fund transfers and capped defined benefit income streams—that seeks to amend the transfer balance credit provisions for individuals with a capped defined benefit income stream (CDBIS) to prevent potential adverse impacts of successor fund transfer (SFT) between superannuation funds.

The amendments would apply retrospectively to transfer balance credits that arose in relation to SFTs that occurred on or after 1 July 2017, and would not apply retrospectively in certain circumstances when “members could be made worse off”—including some holders of life expectancy and market‑linked pensions.

The consultation closes on 24 April 2024.

    Thank you!

    Thank you for contacting KPMG. We will respond to you as soon as possible.

    Contact KPMG

    Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

    By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

    An error occurred. Please contact customer support.

    Job seekers

    Visit our careers section or search our jobs database.

    Submit RFP

    Use the RFP submission form to detail the services KPMG can help assist you with.

    Office locations

    International hotline

    You can confidentially report concerns to the KPMG International hotline

    Press contacts

    Do you need to speak with our Press Office? Here's how to get in touch.

    Headline