SMSFA slams ASFA ‘research’ over $3 million tax
Keeli Cambourne
The SMSF Association has refuted “research” by the Association of Superannuation Funds of Australia, claiming that only 1 per cent of SMSFs ...
The SMSF Association has refuted “research” by the Association of Superannuation Funds of Australia, claiming that only 1 per cent of SMSFs ...
Non-arm’s length income provisions can be invoked where the SMSF has invested at arm’s length but the entity invested in has not, warns an ...
The SMSF Association is urging the Senate crossbench to reject legislation tabled in the Parliament today proposing a tax on the earnings of ...
A Senate Economics Legislation Committee has greenlit the bill proposing changes to non-arm’s length expenditure.
Draft legislation to (non-constitutionally) enshrine the objective of superannuation has now been introduced into Parliament.
The delay in finalising the non-arm’s length expenditure legislation is exposing SMSFs and large super funds to substantial penalties, ...
The long-running NALI/E debate has not considered the “extremely heavy-handed treatment” the specific asset NALI provisions impose, says a ...
ASFA has expressed appreciation for the government’s announcement on 26 October, aimed at mitigating the potential negative consequences ...
Although there may not be significant changes to the proposed $3 million super tax legislation, there could still be some “tinkering around ...
The changes to non-arm’s-length expenditure have “morphed” into a more benign approach although opposition remains, says an industry ...
The SMSF Association said it is “disappointed” that the issues it raised in its submission to Treasury on the objective of super have been ...
The SMSFA has expressed concerns that amendments to the Treasury Laws Amendment (2023 Measures No 1) Bill 2023 were accepted by the ...
The SMSFA is lobbying the parliamentary crossbench to push for an alternative to the proposed calculated earnings method in the $3 million ...
The FAAA and the AIOFP are both concerned that changes to SOAs and safe harbour have been left out of the initial QAR legislation.
The SMSF Association and joint accounting bodies claim that proposed changes to payday super could have significant unintended consequences ...
We are in the throes of a significant change to the taxation of superannuation as we await the next stage of the policy design.
A recent report by University of Adelaide’s International Centre for Financial Services (Report), issued in October 2023, has raised ...
The SMSFA and Australia’s four major accounting bodies have urged the government to rethink its amendments to the NALE rules.
The Institute of Financial Professionals Australia has urged the government to re-think its proposed changes to NALE laws.
The government should consider simpler, more effective solutions to the current policy proposal for the $3 million super tax, says CA ANZ
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