Sole purpose test must meet the needs of every member in a fund: technical expert
The same sole purpose test in an SMSF does not necessarily apply to every member of that fund, says a leading technical specialist.
SMSF Adviser keeps the SMSF sector up to date with the latest and breaking news, and is the authoritative source of information for legal, compliance and regulatory updates.
SMSF Adviser’s news caters to all professionals in the SMSF sector, including accountants, financial planners and auditors.
The same sole purpose test in an SMSF does not necessarily apply to every member of that fund, says a leading technical specialist.
There are two super-building strategies younger SMSF members should be made aware of to help them plan and save more effectively for their ...
The ATO has implemented a pivotal update to the Small Business Superannuation Clearing House (SBSCH) which introduces SMSF bank account ...
It is possible that an adult child of a deceased parent could, on the death of the parent, receive their parent’s superannuation tax free if ...
With the increasing incidence of blended and non-traditional families, deciding who is legally designated as a parent is not as ...
Senator Jane Hume will join the speaker line-up at the inaugural Australian Wealth Management Summit.
Two SMSF auditors have accepted voluntary cancellation and another 13 have had conditions imposed on their registration by ASIC after ...
The passing of the motion to allow superannuation to be attached to paid parental leave is a “nail in the coffin” for any major changes to ...
The SMSF advice sector is at a “tipping point” and advisers are being encouraged to take opportunities to add value to their offerings, says ...
The ATO has raised $29.8 million in liabilities from partners of professional firms with multiple overdue lodgments in this financial year ...
Get the latest news and opinions delivered to your inbox each morning