On 3 March 2023, the Senate Economics Committee released its report on the Treasury Laws Amendment (2022 Measures No 4) Bill 2022 which included legislative amendments affecting Military Superannuation Schemes Invalidity Benefit Taxation.
The amendments relate to the Douglas decision and the tax treatment of invalidity benefits paid from DFRDB and MSBS. You can read more here.
The report is available on the Parliament House website here.
You can read more about DFWA’s submissions on this bill:
DFWA is of the view that all veteran superannuation invalidity benefits should receive the same beneficial tax treatment provided by Douglas, regardless of which scheme or when payments commenced.