The new indexed contributions levels recently announced by the Australian Taxation Office (ATO) will better facilitate in-specie transfers of commercial property into an SMSF for the 2015 financial year, according to Gadens Lawyers.

Accountants looking to acquire a limited Australian financial services licence (AFSL) to keep servicing SMSF clients need to be aware of the capacity constraints licensees will encounter as the 1 July 2016 deadline approaches, according to Count Financial chief executive David Lane.

The proposed amendment to the limited recourse borrowing arrangement (LRBA) rules could end up saving some trustees money, according to an expert superannuation lawyer.

SMSF administration platform provider Class Super is rolling out its new user interface facility to all of its existing customers.

SMSF administration software specialist BGL is set to increase the number of data feeds incorporated in its new Simple Fund 360 offering over the next few months.

Cultural change away from a compliance focus is the key for accountants who want to successfully incorporate advisory services into their practices, according to a senior professional trainer.

The SMSF Professionals’ Association of Australia (SPAA) has called on the federal government to reduce the annual levy self-managed funds have to pay to the Australian Taxation Office in the upcoming budget.

The Australian Taxation Office (ATO) has warned SMSF trustees to carefully evaluate the professional standards employed by organisations offering administrative services based overseas before making a commitment to using them.

The federal government’s decision to scrap the proposed system that would allow Australian Prudential Regulation Authority (APRA)-regulated super funds to verify the existence of SMSF bank accounts could have adverse consequences, according to an industry expert.