The ATO’s decision to alter its SMSF investment performance calculation method to align with that used by APRA-regulated funds has been welcomed by the SMSF Association.

New ATO data shows the percentage of SMSFs holding an LRBA remained relatively stable in 2019/20 compared to 2018/19, while the level of assets held within them was unchanged.

Listed shares have been a popular investment allocation for SMSFs, but cash and term deposits appear in almost every fund.

SMSF wind-ups fell below the previous five-year average in 2019/20, while new establishments continued to increase, according to ATO data.

Changes to insolvency laws mean the disqualification of corporate trustees can now occur in cases where restructuring takes place.

SuperStream rollovers containing errors with the required relevant details have presented a challenge to resolve for practitioners.