The ATO is urging SMSF trustees who have not taken the necessary steps to make their funds SuperStream ready to receive contributions from medium to large employers to do so before this year’s 30 June deadline.

Conversations about the trustee structure of an SMSF are complex and need to happen while all the existing members are alive and of sound mind, a sector specialist has said.

Specialist life insurer NobleOak’s Premium Life Direct product will give SMSFs access to high-quality cover that is flexible and compliant at a more competitive price to similar offerings.

ATO scrutiny over a loophole that has surfaced within the legislation allowing excess non-concessional contributions to be refunded should not worry SMSF members as they would not be breaking any current laws, according to an SMSF commentator.

A service aimed at assisting accountants with their licensing decision around the provision of financial advice has been launched.

Fixed income broker FIIG Securities’ ordering service for corporate bonds will allow users to buy and sell bonds in the over-the-counter market online in an Australian first.

SMSF advisers needed to be mindful of the ATO’s position on what elements of limited recourse borrowing arrangement (LRBA) set-up costs were deductible, according to a specialist SMSF lawyer.

The state of record-keeping and trust deeds for pensions was not up to scratch and more care was needed to be better organised for any future changes to the account, according to a specialist SMSF lawyer.

The Institute of Public Accountants (IPA) has called on the government to repeal legislation that prohibited personal concessional contributions where the members earned more than 10 per cent of their income from employment services.