Articles by Jason Spits

Division 296, Superannuation, Tax

View Division 296 as two-stage event

The application of Division 296 will take place in two stages and operate under two sets of rules that will need to be explained to superannuants.

The application of Division 296 will take place in two stages and operate under two sets of rules that will need to be explained to superannuants.

read more
Division 296, SMSF, Superannuation, Tax

Division 296 can catch exiting members

Members leaving an SMSF will not escape the reach of Division 296 if the fund passes the $3 million threshold in the same income year they depart.

Members leaving an SMSF will not escape the reach of Division 296 if the fund passes the $3 million threshold in the same income year they depart.

read more
ATO, Auditing, Documentation

Auditors prompted over evidence

Some SMSF auditors are still not providing adequate evidence in their reviews, prompting the ATO to issue a reminder to comply.

Some SMSF auditors are still not providing adequate evidence in their reviews, prompting the ATO to issue a reminder to comply.

read more
Contributions, Tax

Deceased member deductions must be valid

The ATO recognises the ability of executors to claim tax deductions for deceased superannuants, but still requires that claim to be valid under super law.

The ATO recognises the ability of executors to claim tax deductions for deceased superannuants, but still requires that claim to be valid under super law.

read more
Division 296, Estate Planning, Superannuation, Tax

Div 296 puts squeeze on executors

Division 296 will shift a compliance burden to those who deal with the super of deceased members, making the task more onerous.

Division 296 will shift a compliance burden to those who deal with the super of deceased members, making the task more onerous.

read more
ASIC, Compliance, Investments

Macquarie arm failed to monitor Shield

A subsidiary of Macquarie Group contravened the Corporations Act in failing to properly monitor the Shield Master Fund offered to investors.

A subsidiary of Macquarie Group contravened the Corporations Act in failing to properly monitor the Shield Master Fund offered to investors.

read more
Division 296, SMSF, Superannuation, Tax

Div 296 pushes certificates to fore

Actuarial certificates will play a key role in determining how much SMSF members will pay under the Division 296 tax.

Actuarial certificates will play a key role in determining how much SMSF members will pay under the Division 296 tax.

read more
Division 296, SMSF, SMSFA, Tax

Div 296 regulations raise new concerns

Draft regulations related to the Division 296 tax have been released, with new concerns about the application of earnings for deceased members.

Draft regulations related to the Division 296 tax have been released, with new concerns about the application of earnings for deceased members.

read more
Crypto Assets, Cryptocurrency, Digital assets, Estate Planning

Estate plan must address crypto holdings

Crypto-assets may be inaccessible by the estate of an SMSF trustee unless they clearly grant access to them for their successors and executors.

Crypto-assets may be inaccessible by the estate of an SMSF trustee unless they clearly grant access to them for their successors and executors.

read more

Copyright © SMS Magazine 2026

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.