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SMSF

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Technical expert debunks myths around financial dependency relationships SMSFs should be wary of views suggesting that adult children can qualify as financial dependents simply by receiving regular payments, a technical expert cautions.  ...
Latest Covid wave ‘creating chaos’ for audits The latest Covid outbreak is slowing down SMSF audit processes and creating chaos for SMSF firms with some clients unable to respond to queries and provide vital inform...
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NALI outcomes still unclear for certain related-party loans While the ATO’s final ruling on non-arm’s length income suggests that previous fixes to get related-party loans on arm’s length terms will not prevent NALI, relie...
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Issues flagged with use of external SuperStream providers An auditor says she can see the potential for lots of problems when considering the use of an external SuperStream provider rather than one of the major superannuation ...
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‘Election years rarely bode well for superannuation’: SMSF Association SMSF Association deputy chief executive Peter Burgess believes 2022 will be a tricky year for the SMSF sector. Write comment (0 Comments) ...
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Property valuations still 'high on the audit hit list' Auditors are requiring valuations for many property investments again this financial year, and in some cases seeing pushback from trustees. Write comment (0 Co...
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Advice regulation predicted to see ‘significant change’ this year Regulation around financial advice could become “quite a political football this year” with an election just around the corner and the Quality of Advice Review underw...
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ATO provides further guidance on SuperStream issues The ATO has released further guidance on SuperStream rollovers along with updated tips on how to minimise delays when rolling super to or from an SMSF. Write co...
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ATO updates SMSF alert messages to increase transparency The ATO will now provide greater transparency of any changes made to SMSF information in its SMS alerts in order to better mitigate potential fraud behaviour. W...
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ATO releases new tips for navigating SuperStream rollovers With SuperStream Rollovers version 3 now in production, the ATO has provided new tips to help better navigate the rollover process. Write comment (0 Comments) ...
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ATO releases new checklist for SMSF management The ATO has released a range of checklists designed to help trustees manage their SMSF through different stages of the fund. Write comment (0 Comments) ...
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