Articles by Darin Tyson-Chan

Documentation, Practice Management, Strategy

EPOA needed when SMSF set up

An enduring power of attorney should be put in place at the time an SMSF is set up to properly manage any trustee disability in the future.

An enduring power of attorney should be put in place at the time an SMSF is set up to properly manage any trustee disability in the future.

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financial advice, Financial Planning, SMSF

SMSF-related complaints noteworthy

The number SMSF-related issues raised with the Australian Financial Complaints Authority for the September quarter continued to be high.

The number of SMSF-related issues raised with the Australian Financial Complaints Authority for the September quarter continued to be high.

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ECPI, Legislation, Pensions, Regulation, Retirement

Record-keeping timeframe now relevant

Practitioners taking on new clients where the 2017 CGT cost base reset is relevant should be mindful of the legal timeframe regarding record-keeping.

Practitioners taking on new clients where the 2017 CGT cost base reset is relevant should be mindful of the legal timeframe regarding record-keeping.

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Retirement, Superannuation

Retirement-phase improvement a priority

The government has declared it will be renewing its focus on improving the retirement phase of the country’s superannuation system.

The government has declared it will be renewing its focus on improving the retirement phase of the country’s superannuation system.

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Business News

Financial industry excellence rewarded

The Institute of Financial Professionals Australia hosted the second annual Australian Financial Industry Awards last Friday in Sydney.

The Institute of Financial Professionals Australia hosted the second annual Australian Financial Industry Awards last Friday in Sydney.

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Auditing, Commercial Property, Property

BRP basics causing ATO angst

The ATO has noticed some fundamental flaws regarding audit files dealing with SMSF-owned business real property involving related parties.

The ATO has noticed some fundamental flaws regarding audit files dealing with SMSF-owned business real property involving related parties.

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Contributions

Downsizer ownership rules can be strict

The ownership rules required to be satisfied before an SMSF member can make a downsizer contribution can be inflexible in some scenarios.

The ownership rules required to be satisfied before an SMSF member can make a downsizer contribution can be inflexible in some scenarios.

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Compliance, Documentation, Legislation, Pensions, Regulation

Pension documentation flexibility needed

Pension documentation should be drafted in the most flexible manner to allow trustees to manage their minimum pension obligations efficiently.

Pension documentation should be drafted in the most flexible manner to allow trustees to manage their minimum pension obligations efficiently.

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Compliance, Division 296, Legislation, Tax

Fancy doing that

The government announcement indicating the Division 296 tax measure has been changed represents a huge policy backflip.

The government announcement indicating the Division 296 tax measure has been changed represents a huge policy backflip.

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NALI/NALE

NALE clarity over trustee work provided

Clarification now exists as to how the NALE rules apply where a member does not charge the SMSF for work not considered to be trustee duties.

Clarification now exists as to how the NALE rules apply where a member does not charge the SMSF for work not considered to be trustee duties.

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