NALI changes may catch advisers with an SMSF
Sarah Kendell
A major SMSF service provider has warned that changes to non-arm’s length income (NALI) rules included in the government’s recently rein
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Government pushed to rectify SG loophole
The Institute of Public Accountants has questioned why the passage of a measure to fix a loophole in the SG system relating to salary-sacrif
Guidance on pension minimums missing key issue
While the ATO has provided guidance on death benefit pensions and minimum pension payments, one issue that remains unclear is what occurs wh
‘Retrospective’ LRBA measures tipped to cause headaches
With the government reintroducing its total super balance measure for SMSF loans, technical experts have warned that the retrospective natur
Problem areas flagged with SMSF business property
A technical expert has outlined some of critical compliance steps for ensuring that a commercial lease arrangement involving an SMSF is on a
Court rules against SMSF firm in employment contract case
An SMSF accounting firm that sought an injunction against a former employee in relation to clauses in their employment contract has had its
Adviser numbers drop for second quarter in a row
While there was a spike in adviser numbers in December last year, thousands of advisers have departed the industry in the first six months o
Details locked in for SMSF Summit agenda
Technical experts at this year’s SMSF Summit will be delving into emerging liability considerations for SMSF accountants and advisers, imp
SMSFs told to hold fire on new reporting for LRBA, NALI measures
Following the reintroduction of measures for limited recourse borrowing arrangements and non-arm’s length income into parliament, the ATO
ATO releases decision impact statement on early access to super case
The ATO has published a decision impact statement on a decision by the Administrative Appeals Tribunal which found the ATO should have used
ATO updates instructions and guidance for TBAR
The ATO has updated its guidance on transfer balance cap reporting for SMSFs based on what it is seeing in the sector and industry feedback.
Updated guidance on death benefit pensions spurs more confusion
The ATO has updated the guidance it released last week on death benefit income streams to clarify that it only refers to reversionary pensio
SMSFs outperform APRA-regulated funds in fresh analysis
SMSFs on average generated a high return compared with APRA-regulated funds in the 2016–17 financial year, according to analysis by the SM
Government revives NALI and LRBA measures with new bill
The government has reintroduced a raft of previously lapsed measures into parliament, including proposed changes to the non-arm’s length i
Compliance traps outlined with UPE reinvestment
While the ATO has previously confirmed that an unpaid present entitlement can be reinvested in a unit trust without a physical cash distribu
SG freeze to prolong reliance on Age Pension, says ASFA
While a recent report indicates that superannuation balances have risen substantially in recent years, the majority of Australians will stil
Reforms to superannuation insurance trigger mixed views
While some groups in the superannuation industry support the government’s proposed changes for superannuation insurance for younger member
ATO’s death benefit pension guidance sparks new questions
While the ATO provided welcome clarification on death benefit pensions last week, certain aspects of the guidance, such as whether tax compo
FASEA’s education pathways a complex ‘matrix’
While the approval of the CPA and Chartered Accountants Australia and New Zealand designations has been welcome news for SMSF accountants, t
ASIC adviser levy impacting licensing decisions by accountants
With the ASIC adviser levy adding yet another expense to the cost of providing advice services, it has caused some accounting firms to recon
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