GRAIN CENTRAL | GPA webinar enlightens farm super funds
- colinbettles3
- Jul 2
- 1 min read
As farming families around Australia with self-managed superannuation funds that include land assets and have balances exceeding $3 million are set to be taxed on these unrealised gains, experts are encouraging calm.
The Federal Government policy that has been stalled in the Senate after being introduced in 2023 is expected to be approved and apply to this financial year.
Grain Central reported on the situation as agricultural groups voiced concerns with the legislation affecting succession and financial planning, as well as biting into intergenerational incomes.
It highlighted the value of GPA's webinar to canvass the thoughts and advice of RSM partner Katie Timms, and Seer Financial Group founding partner and accountant John Thomson.
The Super Tax Impacts on the Family Farm webinar had an audience of 50 from across Australia, and was anchored by GPA’s Rachael Oxborrow, with GPA chair and WA grower Barry Large also on the panel.
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