Treasury has released a consultation paper covering two key super tax measures – limited recourse borrowing arrangements (LRBA) and non-arm’s-length income (NALI) – to support the integrity of the federal government’s suite of super reforms.

Changes to the asset test rules for the age pension have had “significantly adverse and presumably unintended consequences” and dissuade middle-income wage earners from saving, according to the SMSF Association.

Revenue and Financial Services Minister Kelly O’Dwyer has announced Treasury will review the rules controlling the early release of superannuation on severe financial hardship and compassionate grounds.