Articles by Darin Tyson-Chan

ATO, Compliance

ATO disclosure can’t confirm breach

ATO disclosure SMSF breach

The ATO’s early engagement and voluntary disclosure service should only be used if a contravention of the superannuation rules has occurred.

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Financial Planning, Technology

AZ Sestante launches digital facility

AZ Sestante OpenInvest

A new digital investing solution has been released to the market to provide more young Australians with professional investment services.

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Documentation

New TBAR timeframe a tough ask

TBAR timeframe

The new TBAR timeframe to be introduced in the next income year is unlikely to see a seamless transition among SMSF trustees.

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Pensions

Reserve removal must be fair

SMSF reserves

Fairness is a criteria that needs to be observed when looking to allocate monies tied up in reserves across all members of an SMSF.

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Documentation

Documentation gap a real issue

SMSF documentation gap

Advisers need to be conscious of a growing documentation gap in the SMSF sector due to the changing face of interpersonal relationships.

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Contributions, Tax

ATO won’t speculate for Part IVA

SMSF Part IVA

The ATO has stated it will not try to forecast SMSF scenarios into the future to determine if it will apply Part IVA of the Income Tax Assessment Act.

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NALI/NALE

ATO contributions review ominous

contributions NALE

A proposed amendment to the contribution rules with regard to non-arm’s-length expenditure will have a significant negative impact on SMSFs.

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ETFs

ETF provides metaverse gateway

betashares etf metaverse

BetaShares has launched an ETF on the ASX giving investors access to the rapidly developing metaverse economy.

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NALI/NALE

NALI compels LRBA conservatism

NALI LRBA

SMSF advisers have been warned not to take an aggressive stance with LRBA interest rates involving related parties to avoid invoking the NALI rules.

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Documentation

Documentation not one dimensional

SMSF documentation

A multifaceted approach is required with regard to SMSF documentation to ensure fund compliance and to limit professional risk.

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