Class has added the ability to process information pertaining to international assets through incorporating direct-connected data feeds from HSBC in its SMSF administration software application.

Advisers need to ensure decisions made about risk cover for SMSF members are well documented to avoid the possibility of litigation against them, according to an insurance specialist.

The $1.6 million transfer balance cap coupled with the proposed change in contributions caps could lead to a spike in SMSF establishments in the immediate future, the partner of a chartered accounting firm has predicted.

Implementing the federal government’s changes to the superannuation system is likely to result in substantial costs for SMSFs, a specialist sector lawyer has said.

The proposed changes to the superannuation system seem to favour certain objectives of the Australian retirement savings framework and not others as outlined in the first tranche of legislation covering the subject, a sector technical expert has said.

Advisers need to be mindful of the strategic order of the steps required to make the most of the new non-concessional contributions (NCC) caps bring-forward rules in the event of capital gains tax (CGT) rollovers, a specialist lawyer has said.

The method by which the transfer balance cap is applied to couples in certain financial situations is unfair, according to a superannuation and estate planning legal expert.