SMSF insights

Got a Self-Managed Super Fund (SMSF)? We know how complex — but profitable — it can be to administer an SMSF for yourself or clients. That’s why our leading research and news for SMSF trustees, advisers and beneficiaries attract hundreds of daily readers from around Australia. Here’s the latest SMSF research and news from the experts on The Inside Network. Don’t forget to click here and subscribe to our mailing list to get the news that’s important to you.

ATO gives further clarification on Aussiegolfa

The Australian Taxation Office has provided a further update on the implications of the Aussiegolfa case, confirming its view that a self-managed super fund trustee could contravene the sole purpose test by investing in a sub-fund of the DomaCom Fund…

ATO clarifies its approach to investment in DomaCom funds

Fractional property investment company DomaCom has received clarification from the Australian Taxation Office about its approach to compliance when a self-managed super fund invests in a DomaCom property sub-fund and where a related party of the SMSF may be a…

AAT case sheds light on NALI rules

The question of whether the payment of dividends to a self-managed super fund from a private company was a non-arm’s length transaction involved more than a consideration of the relative amount of dividends paid. It also involved a consideration of…

ATO warns on early release

In the wake of the jailing of an operator of an illegal early release of superannuation scheme, the Australian Taxation Office has issued a warning to self-managed fund trustees to make sure they only release money from their fund when…

ATO keeps up the pressure on SMSF compliance

Around 3500 self-managed super fund trustees have been disqualified over the past 20 years by the Australian Taxation Office, which says it is using increasingly sophisticated data and intelligence to monitor compliance. The ATO marked the anniversary of 20 years…

SMSFs not for the faint hearted, ASIC warns

The Australian Securities and Investment Commission (ASIC) has launched a campaign warning future self-managed super fund trustees of the high costs and risks associated with having an SMSF. ASIC’s latest fact sheet estimates that the average cost of running an…

Take care when adding family members to your SMSF

The decision to include other family members in a self-managed fund is not straightforward, as it involves bringing in members with different investment horizons and requirements. HLB Mann Judd superannuation director Andrew Yee says his firm is seeing more couples…

SMSF borrowers may have to recalculate their balances

A change to limited recourse borrowing arrangements, included in new superannuation legislation, may make borrowing a less popular option for members of self-managed super funds. The outstanding balance of borrowings of self-managed superannuation funds will, in certain circumstances, have to…

ATO cracks down on late lodgers

The Australian Taxation Office has sent out of reminder to SMSF trustees that new rules apply to late lodgment of annual returns next month. From October 1, if an SMSF is more than two weeks overdue on any annual return…

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