Articles by Jason Spits

Superannuation

SMSF asset growth unsurprising

SMSF asset growth

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

corporate SMSF trustee disqualification

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

business real property use

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

treasurer superannuation

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

Self-made templates poor practice

smsf document templates

SMSF practitioners crafting their own fund documents should question if they are doing their clients and practice a disservice.

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Cryptocurrency

Govt to create crypto-asset regulation map

crypto-asset regulation

The crypto-asset sector will be mapped to allow the government to regulate its operation and put in place consumer protections.

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LRBA

Keep flow-through loans separate

SMSF flow-through loans

An SMSF can borrow from another entity that has also borrowed money as long as each arrangement is kept separate from the other.

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Business News, Trusts

Equity Trustees to buy AET

Equity Trustees AET

Equity Trustees will acquire Australian Executor Trustees, with the combined operations to exit the SMSF space after the conclusion of the deal.

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SuperStream

SuperStream window needs education push

SuperStream education

Trustees need to be informed of the work required to complete a SuperStream rollover before it is requested to ensure it is completed on time.

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Retirement

Petrol drives up cost of living

retiree cost of living

Increases in the prices of petrol and health insurance were key drivers in a rise in the cost of living for retirees in the June quarter.

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