Articles by Jason Spits

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.

read more
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.

read more
ATO, Compliance

Disclosure must accompany action

SMSF Voluntary disclosure action

SMSFs making a voluntary disclosure regarding a breach should also have evidence of work undertaken to fix the problem and prevent more issues occurring.

read more
Property

Late-stage property timing mismatch

property sole purpose

Property purchases during the latter part of the life cycle of an SMSF may not meet the sole purpose test.

read more
LRBA

Total LRBA contract needs checking

LRBA contract

SMSFs seeking evidence a related-party LRBA interest rate is on commercial terms should also check the entire borrowing contract falls under the same standard.

read more
Retirement, Superannuation

Retirees want pension help from funds

retirees pension support superannuation

Retirees want help in seeking the age pension with nearly three quarters looking to their superannuation fund to provide assistance.

read more
NALI/NALE

NALE a worst-case regulation

NALE property

The application of NALE provisions to property is a worst-case response to people who have been abusing in-specie transfer rules.

read more
Cryptocurrency

NFT status, value remain unclear

NFT status SMSF

The status of an NFT inside an SMSF is still unclear and issues remain with proving their value from an audit perspective each year.

read more
Property

Tax status key to property retention

tax SMSF property

The tax-free status of an SMSF may be the key to deciding whether to retain a property asset inside the fund when a member dies.

read more
AFCA

SMSF complaints rise at AFCA

SMSFs complaints AFCA

The increased use of SMSFs has led to a rise in complaints to the industry dispute body according to one of its leading ombudsman.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.