Business lobby welcomes a review of tax backlog Business groups have broadly welcomed the Federal Government's move to clear a backlog of unlegislated tax and superannuation measures. BUSINESS groups have broadly welcomed the Federal Government's move to clear a backlog of unlegislated tax and superannuation measures saying it will boost business certainty and confidence. But a fight with superannuation groups over plans to axe payments for poorer workers is looming, with the nation's peak super lobby group calling on the government to reconsider the move. The Association of Superannuation Funds of Australia said dropping the mooted 15 per cent tax on annual superannuation earnings above $100,000 removed uncertainly around the retirement savings system. But the group called on the government to keep the low income super contribution, which gives workers earning $37,000 or less a year a government super payment of up to $500. "The LISC is good public policy," association chief Pauline Vamos said. Industry Super Australia and the Financial Services Council - lobby groups for the not-for-profit and retail super sectors - have also called on the government to reconsider plans to drop the payments. Australian Industry Group chief Innes Willox said the move to clarify a suite of unimplemented tax changes provided welcome certainty for business. He expressed concern, however, that a two-week targeted consultation period with business to review another 64 measures might not be long enough. "If further examination reveals issues that cannot be addressed immediately, the Government should be open to further changes in coming months," Mr Willox said. Both the Business Council of Australia and the Corporate Tax Association welcomed moves to drop some changes to the thin capitalisation rules that would have reduced the amount of money companies could claim as a deduction on their interest payments. The proposals went too far. They would have penalised Australian-based companies that have grown their business offshore when they are not even highly geared," Corporate Tax Association executive director Frank Drenth said. The decision to dump the $2000 cap on self-education expenses won praise from a range of bodies including the Australian Chamber of Commerce and Industry, Universities Australia, the Australian Institute of Mining and Metallurgy and the Australian Nursing Federation.