SUPERANNUATION & BANKRUPTCY: A CASE FOR REFORM: Encroaching taxation law principles pose a significant threat to the 'fresh start' status of a regulated superannuation fund.

The article reports that the protected asset status assigned to a regulated superannuation fund under the Bankruptcy Act 1966 plays a major role in offering a discharged bankrupt with rehabilitation. It suggests that the disqualified trustee should stop acting as trustee or director of the corporate trustee to remain a complying superannuation fund and entitled to concessional tax treatment. It adds that the courts may consider the offence the applicant were convicted of.