Bryant inherited the proceeds of his father's superannuation fund valued at $250,000.
Employer's contributions to an approved retirement plan (called a superannuation fund).
The best example is where the superannuation fund is not consolidated.
We have seen that this does not tend to include funds such as the superannuation fund and trust funds.
Section 11 of the Act exempted certain superannuation funds from income tax if they invested in government securities.
For example, where a worker has previously satisfied a condition of release and decided not to access the money in their superannuation fund.
There are about 500,000 superannuation funds in operation in Australia.
Losses to the superannuation funds from the global financial crisis have also been a cause for concern, said to be around $430 billion.
It is one of Australia's largest superannuation funds, with more than $30 billion in funds under management and over 770,000 members.
A company would create a superannuation fund, with an associate as the trustee.