Articles by Jason Spits

Divorce raises estate planning questions

August 29, 2022

SMSF trustees must consider estate planning when divorcing as binding nominations may see their former partner act for them on their death.

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Superannuation

Let everyone know who the best are

August 29, 2022

Jason Spits

SMSF practitioners are key users of service providers and are invited to tell us which firms have led the way in the past year.

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Financial Planning

Good advice not tied to documents, processes

August 29, 2022

Jason Spits

The Quality of Advice Review has suggested regulation should focus on the content of advice instead of documents and processes.

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Death benefits

Sort death benefits at start of divorce action

August 25, 2022

Jason Spits

Death benefits should be addressed at the outset of a marital split to prevent former partners receiving monies that are no longer intended for them.

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Superannuation

SMSF asset growth unsurprising

August 25, 2022

Jason Spits

The SMSF Association claims ongoing growth in fund assets is not unexpected and highlights the resilience of the sector.

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ATO, Compliance

ATO corporate trustee disqualification upheld

August 25, 2022

Jason Spits

The director of a corporate trustee who illegally accessed nearly $900,000 of superannuation has lost an appeal to have their disqualification overturned.

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Property

Business real property use must be restricted

August 24, 2022

Jason Spits

SMSFs with business real property are not required to use every part of it as long as they can show it is not being used for any other purpose.

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Superannuation

Treasurer outlines govt super agenda

August 24, 2022

Jason Spits

Treasure Jim Chalmers has outlined key areas for change in the superannuation sector, but has appeared to contradict one of his colleagues with his comments.

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Documentation