iscover
Legal framework still unsure around SMSFs advice rules
Keeli Cambourne
The Australian Law Reform Commission has raised concerns about how SMSFs navigate the issue of financial product and advice in its latest ba
The Australian Law Reform Commission has raised concerns about how SMSFs navigate the issue of financial product and advice in its latest ba
Although the work test has been amended it has not been done away with completely, warns a leading SMSF technical adviser.
The new NALI proposals delivered in last week’s budget have once again created an uneven playing field between SMSFs and APRA funds, accor
If the SMSF sector has the capacity to identify TSB and to allocate earnings the government should reconsider its one-size fits all approach
The new payday super rules will be very beneficial for the SMSF sector, said the SMSF Association.
The changes to the work test rule were a surprisingly quick amendment from the ATO Commissioner, according to a leading tax lawyer.
Taxpayers may be required to call on their personal financial resources or to liquidate the assets of the super fund in a disorderly fashion
The current super tax proposal will introduce a new set of laws to the system with a new complex formula for calculating an individual’s e
Trustees need to beware of how they are signing documents as some are still required to have ‘wet signatures’, says a leading adviser.
TSB will become an even more important number if the proposed new tax on those with more than $3 million in super is introduced, claims a le
New draft legislation to the work test mean impacted individuals will retain their ability to claim deductions for personal contributions po
The superannuation system needs a few “nudges” to ensure it works to its optimal advantage, claimed Assistant Treasurer and Financial Se
Superannuation would benefit from simplification and the removal of red tape rather than persistent changes, said the SMSF Association in it
The Australian Taxation Office has warned SMSF trustees that its staff can now issue a rectification direction under section 159 of the Supe
The ATO is developing advice and guidance around a number of issues that will affect SMSFs.
A bill introduced into the House of Representatives this week will enable a wider range of employees to recover unpaid superannuation contri
The AFA and FPA are preparing to “climb a mountain” in order to push some of the QAR recommendations through.
Assistant Treasurer Stephen Jones’s suggestion that superannuation firms will be able to provide simple advice ahead of banks has been met
Changes to the super system such as replacing the annual superannuation contribution cap with a lifetime one would boost women’s super bal
The SMSF Association has called for changes to non-geared unit trust breaches as the current compliance approach has continually created unn
Get the latest news and opinions delivered to your inbox each morning
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter.
