Articles by Darin Tyson-Chan

Demographics favour regular reporting

July 15, 2021

The domination of SMSF establishments by younger individuals bodes well for the accelerated adoption of more frequent fund reporting.

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Auditing, Superannuation

Use of new audit report required now

July 14, 2021

Darin Tyson-Chan

Practitioners will be required to use a new version of the SMSF independent auditor’s report for any audits performed on or after 1 July 2021.

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Compliance, Strategy

Regular reporting not only about compliance

July 13, 2021

Darin Tyson-Chan

Regular SMSF reporting should be acknowledged for the strategic benefits it brings and not be regarded as just a compliance requirement.

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ECPI, Regulation

No ECPI default calculation method

July 8, 2021

Darin Tyson-Chan

A default option does not exist in the draft legislation allowing an ECPI calculation method choice when an SMSF has periods during a financial year when it is wholly in pension phase, as well as others when it is not.

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Superannuation

Six-member fund decision political

July 7, 2021

Darin Tyson-Chan

The recent passing of superannuation legislation allowing six-member SMSFs was driven by political motives.

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Appointments

SuperConcepts CEO confirmed

July 6, 2021

Darin Tyson-Chan

SuperConcepts has elevated Grant Christiansen from his position as interim chief executive to fill the role in a permanent capacity.

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Auditing, Superannuation

Better audit efficiency achievable

July 6, 2021

Darin Tyson-Chan

The efficiency of the year-end audit can be improved if SMSF accountants place more importance on one aspect of their interaction with a fund’s auditor.

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Administration