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ATO takes aim at ‘reckless’ claims of legal privilege
Miranda Brownlee
Final protocol developed to prevent “inappropriate” withholding of evidence, the Tax Office says.
Final protocol developed to prevent “inappropriate” withholding of evidence, the Tax Office says.
SMSF professionals have been warned that the electronic execution of SMSF documents is still far from straightforward despite the recent law
The Federal Court of Australia has upheld a decision to distribute a superannuation death benefit to a member’s estate in a case examining
While the recent Federal Court case involving RI Advice provides some clarity for licensees in trying to meet their obligations, it also sho
The Federal Court of Australia has upheld a decision by the Superannuation Complaints Tribunal in a case involving the distribution of a dea
Trustees have been cautioned on the serious tax and compliance implications that can arise where an SMSF has accidentally vested.
The AAT has recently affirmed the decision to impose stamp duty on a property involving an SMSF, providing important details on different im
SMSFs should be wary of views suggesting that adult children can qualify as financial dependents simply by receiving regular payments, a tec
The use of various entities to jointly qualify for the “sophisticated investor” status will need to navigate various legal hurdles, espe
SMSF professionals have been urged to revise certain procedures around establishing new companies and director ID numbers to prevent hefty p
The Federal Circuit and Family Court has handed down a decision in a bankruptcy case that examined whether contributions made to an SMSF an
The impending High Court decision on how long a BDBN can last may spur the government to address some of the unworkable legislation in t
Legal disputes over trusts and SMSFs are continuing to see an increase, creating the need for increased safeguards to protect against future
A recent court case where a family trust was ordered to have failed poses some important questions in the context of SMSF deed updates, acco
An SMSF law firm has highlighted some of the tax consequences and compliance issues that need to be considered when SMSFs make in-specie tra
The Federal Court of Australia has dismissed a claim against the trustee of an SMSF in a case relating to the exchange of contracts for the
When you pass away, it is important to ensure your loved ones are not left with a financial and legal headache. With specialised forward pla
For many years there was a debate in the SMSF industry as to whether an SMSF binding death benefit nomination (BDBN) could last indefinitely
The AAT has made its decision to uphold administrative penalties on an SMSF after it had breached superannuation borrowing restrictions.
Executors of SMSF estates can face various administrative pitfalls and unwanted liabilities that may arise during the management process of
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