A recent Victorian Supreme Court ruling has highlighted the need for SMSF trustees to exercise caution when deciding on action around binding death benefit nominations (BDBN).

Tax legislation passed in 2012 ending the classification of superannuation assets as trading stock and in effect treating them as capital items can be advantageous for some SMSF portfolios, according to an SMSF specialist lawyer.

Chartered accounting firm Crowe Horwath is in the process of assessing the viability of greater reliance on automation to communicate with and service its SMSF clients.

The Australian Taxation Office (ATO) is re-examining the rules around in-house asset exemptions contained in the Superannuation Industry (Supervision) Act.

The SMSF Professionals’ Association of Australia (SPAA) has commended the Australian Taxation Office (ATO) on its draft legislative instrument governing the amended treatment of the use of borrowing within superannuation funds.