SMSF investors must make sure the definition of infrastructure applied by fund managers they are considering engaging is proper in order for the portfolio allocation to achieve its coveted benefits, according to a specialist portfolio manager. Magellan Asset Management portfolio manager Gerald Stack defined those coveted traits as being highly defensive, inflation linked and having […]

The ATO will concentrate on cases of serious non-compliance from SMSFs in the coming financial year. Speaking at the Chartered Accountants Australia and New Zealand 2016 National SMSF Conference in Melbourne, ATO superannuation assistant commissioner Kasey Macfarlane said: “We’ll be looking at those instances, number one, where trustees are persistently, deliberately not complying with their […]

Advisers and accountants assisting their SMSF clients implement a strategy involving a limited recourse borrowing arrangement (LRBA) should ensure the trustees have approval for the loan before they look to purchase the asset in question, according to a sector specialist.