The new capital gains tax (CGT) relief contained in the new superannuation legislation to be introduced on 1 July has raised concerns among practitioners as to the length and depth of the advice that can be provided on the topic within the confines of the licensing rules.

The impending changes to the superannuation rules and the length of time the process has taken are causing advisers to question their understanding of the retirement savings system, according to a technical consultant in the industry.

The real-time pension reporting requirements for SMSFs are still yet to be determined after a recent announcement on the subject excluded any compliance standards for the sector.

SMSF advisers and trustees must be aware of the time frame applying to death benefits payouts under the new superannuation rules when assessing the type of reversionary pension to put in place, a superannuation lawyer has said.