Articles by Darin Tyson-Chan

ATO, Documentation

ATO trustee declaration critical

SMSF trustee declaration

The importance of the ATO SMSF trustee declaration has been demonstrated by a recent case heard in the Supreme Court of NSW.

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Superannuation

New trustees show strategic nous

SMSF trustees strategic

Research conducted earlier this year has indicated SMSF trustees who established their funds between 2020 and 2022 are strategic in their approach.

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Investments, Strategy

Investment strategy causing angst

SMSF investment strategy

SMSF practitioners remain frustrated at the lack of definitive instruction and poor trustee attitudes in relation to fund investment strategies.

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ATO

TBC debit calculation updated for MLPs

transfer balance debit pension

An update has been issued by the ATO stating how transfer balance cap debits will be calculated when a non-commutable market-linked pension ceases.

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Superannuation

Threshold change has SMSF slant

superannuation guarantee threshold SMSF

SMSF trustees may need to reconsider whether to include children in their super fund in light of the impending abolition of the $450 threshold.

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Compliance, Regulation

Director ID process user unfriendly

director identification elderly trustees

Anecdotal evidence has indicated the application process to obtain a director identification number is proving extremely hard for elderly trustees.

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Documentation, Property

Property documentation more critical

SMSF property documentation

Standard documentation practices for proof of ownership regarding SMSF properties have a taken on different implications due to a NSW law amendment.

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ATO

ATO updates SuperStream guidance

ATO SuperStream

Information pertaining to when the SuperStream system must be used to process superannuation rollovers has been updated by the ATO.

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Contributions

Downsizer change may lack impact

downsizer contribution change

The reduction in the eligibility age for downsizer contributions may not see the provisions being adopted by more individuals of a younger age.

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Financial Planning, Regulation

Advice delivers trustee opportunities

specialist financial advice SMSF

Specialist financial advice is providing trustees with better regulatory knowledge that can lead to a material benefit for their SMSF.

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