Articles by Darin Tyson-Chan

Property

Property upgrade funding tricky

Related party Accurium Mark Ellem SMSF Self-managed super commercial property improvements

Having a related-party tenant of an SMSF commercial property pay for improvements to the asset can pose a real risk of breaching the SIS Act.

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Pensions

TR 2013/5 update has TRIS impact

Transition to retirement income streams TRIS Minimum pension SMSF Self-managed superannuation Mark Ellem Accurium

The impact of the update to TR 2013/5 will not be confined to retirement-phase pensions and will extend to transition-to-retirement income streams as well.

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BDBNs, Death benefits, Documentation

BDBNs still contain basic error

binding death benefit nomination BDBN SMSF Self-managed superannuation View Legal Matthew Burgess SIS Act

Errors are still being made on SMSF binding death benefit nominations with regard to naming a legitimate recipient of the deceased member’s benefits.

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Estate Planning

State laws can compromise EPOAs

Enduring power of attorney EPOA SMSF Self-managed superannuation View Legal Matthew Burgess

Differences in the legislation of each Australian state can significantly impact the effectiveness of an EPOA an SMSF has in place.

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Business News

Vale Greg Bright

Financial services media Greg Bright

Financial services media entrepreneur, publisher and journalist Greg Bright has passed away aged 70, having shaped the trade press for several decades.

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Retirement, Tax

Set rules for CGT retirement exemption

Small business capital gains tax Retirement exemption CGT Contribution

Specific rules apply to individuals under age 55 who want to take advantage of the retirement exemption under the small business CGT concessions.

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ATO, fraud, SMSF

Pursue illegally accessed monies

SMSF Self-managed superannuation Bobbin Lawyers Peter Bobbin Illegal drawdown

Trustees should try to recover any illegally accessed money from an SMSF to lessen the severity of compliance breach penalties they may face.

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BDBNs

BDBNs go past initial member death

SMSF Self-managed superannuation Estate plan binding death benefit nomination BDBN View Legal Matthew Burgess

In order for an SMSF estate plan to be robust, the implementation of a BDBN must deal with situations beyond the death of the original member.

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ETFs, Investments

Three new ETFs from Dimensional

Exchange-traded fund ETF Dimensional Fund Advisors

International wealth manager Dimensional Fund Advisors has launched three actively managed ETFs on the ASX to expand and complement its existing product range in Australia.

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Death benefits, Estate Planning, Pensions

Death beneficiary must be confirmed

Death benefit Reversionary pension Pension Beneficiary

Confirmation as to whom death benefits should be assigned needs to be established before a reversionary pension is implemented.

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