Articles by Darin Tyson-Chan

E-signatures can prove liability

January 25, 2022

The use of electronic signatures has the ability to create an audit trail that can increase the degree of professional risk practitioners face.

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NALI/NALE

NALE detection hard for auditors

January 24, 2022

Darin Tyson-Chan

Trustees and their advisers cannot automatically assume transactions involving NALE will be detected by an SMSF auditor.

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Superannuation

EPOA not only overseas trustee fix

January 20, 2022

Darin Tyson-Chan

Appointing an enduring power of attorney to satisfy legal obligations may not always be the best solution for SMSF trustees relocating overseas.

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Auditing

More auditor interaction needed

January 19, 2022

Darin Tyson-Chan

Measures affecting SMSFs as a result of COVID-19 should encourage trustees to consult with their fund auditor more often.

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Regulation

Dixon Advisory enters voluntary administration

January 19, 2022

Darin Tyson-Chan

Dixon Advisory and Superannuation Services has appointed voluntary administrators amid insolvency fears stemming from regulatory and legal action.

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ATO

SuperStream glitches hard to fix

January 18, 2022

Darin Tyson-Chan

SuperStream rollovers containing errors with the required relevant details have presented a challenge to resolve for practitioners.

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Superannuation

SMSF wind-up seldom compulsory

January 17, 2022

Darin Tyson-Chan

An SMSF wind-up is only compulsory in one situation, even though some trustee circumstances may appear to dictate this course of action is necessary.

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ATO

Fund Lookup processes need review

January 13, 2022

Darin Tyson-Chan

The efficiency and accuracy of the Super Fund Lookup system can be improved by streamlining the internal processes currently involved.

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ATO, Documentation

Director IDs not for public reference

January 12, 2022

Darin Tyson-Chan

Director identification numbers will not be made available to the greater public through the Australian Business Registry Service.

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Compliance

TMD compliance burden surfaces

January 11, 2022

Darin Tyson-Chan

Advisers are already experiencing additional compliance obligations brought about by the target market determination requirement under the new DDO rules.

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