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Equity, Prosperity and Dispute Resolution Across Borders
Non-citizens are encountering difficulties rolling funds into their SMSF - the identification required mostly pre-supposes Australian citizenship, and discriminates against foreigners.
The ATO form, NAT 74662, which is used to initiate a rollover to a self managed superannuation fund requires one of the following:
No form NAT74662 and specified ID, no rollover!
Diaspora Legal is seeking the review of current schedule 2B to the Superannuation Industry Supervision regulations which clearly discriminate needlessly on the basis of nationality.