In this evening's Budget the Treasurer has announced that measures the Government had attempted to introduce a couple of years ago, and which were blocked in the Senate are to be introduced:
http://www.treasurer.gov.au/tsr/content/pressreleases/2005/044.asp

The Coalition Government has control of both Houses from 1 July 2005, so we can expect these changes to be passed in the next few months.

Previous articles from Go Matilda News on the same subject are here: http://www.gomatilda.com/news/article.cfm?articleid=234
http://www.gomatilda.com/news/article.cfm?articleid=264

I'll review and post more info on GM News in the next day or two ...

Best regards.

Thanks Alan, you are really on the ball! Would these rules apply to the current 410 Retirement visas and cover ISA's and PEP's retained as investments in the UK and the income remitted into Australia? Also would the FIF exemption on these assets be able to be extended beyond 4 years on renewal of the 410 visa?
If this were the case it would make the 410 visa more tax attractive to a lot of people.
Thanks again for a great forum.

Do you know how this will affect 410 visas holders in receipt of a UK pension?