Amid frequent attacks on SMSFs, the Australian Taxation Office (ATO) has announced it regards the growth and current operation of the sector as a resounding triumph.

The ability to provide advice on existing risk insurance cover in regard to switching from an Australian Prudential Regulation Authority-regulated fund into an SMSF is a subject requiring greater clarity, according to a financial services technical expert.

SMSF trustees wanting to transfer retirement savings held in overseas pension schemes need to be aware these types of transactions count towards their contributions cap limits, a superannuation technical specialist has warned. Legal changes now allowed trustees to bring superannuation balances accumulated offshore into their SMSFs, however, there was a misconception as to how those […]

The Chartered Accountants Australia New Zealand (CA) SMSF specialisation has continued its growth path, with more than 300 practitioners now having achieved the accreditation.

Audit software specialist Auditflow’s intelligent audit workpapers solution has been integrated into the BGL Simple Fund 360 SMSF administration software offering.

AMP Capital has made infrastructure investing for SMSF trustees easier by adding its Global Listed Infrastructure Fund to its SMSF Suite.

The SMSF Professionals’ Association of Australia (SPAA) has called for superannuation to be removed from the short-term political cycle.

Financial advisers and accountants who provide advice certificates for clients to facilitate a limited recourse borrowing arrangement (LRBA) may be in breach of theNational Consumer Credit Protection Act 2009 and as such may not be covered by their professional indemnity insurance policy for the activity.

The grandfathering arrangements under the new age pension rules will not be advantageous to all SMSF members due to the new methods used for the income and assets testing, an industry expert has said.