Part 1 of this two-part article considered some reserves that may be used by trustees of SMSFs and some guidance on the use of reserves. Part 2 continues the consideration of the range of reserves and looks at rules regarding payment out of the reserves.

BGL Corporate Solutions has announced over 1000 firms are now using Simple Fund 360, making it the most widely used SMSF administration program in Australia.

Commercial law firm Cowell Clarke is offering accountants full compliance support in the lead-up to the introduction of the new licensing regime via a new secure web portal that will act as a management tool for licensee compliance requirements, needs and queries.

Equity crowdfunding is resonating with sophisticated Australian investors, particularly SMSF trustees, as an appealing alternative asset class, according to a trans-Tasman platform.

Class has reported a net profit after tax (NPAT) of $2.19 million, up 64.6 per cent, for the half-year ended 31 December 2015, after taking into account post-initial public offering (IPO) transaction costs.

Specialist SMSF document provider BMR Corporate Solutions has boosted its integrated arrangement with Macquarie Bank.

AMP Capital has added a second infrastructure fund to its offering for SMSF trustees as the opportunity for low-risk returns and stable income streams drives greater interest in the asset class.

Fintech firm eSMSF Advice has developed a cloud-based platform to enable accountants to continue to service SMSF clients without necessarily having to be licensed and help them better manage client advice relationships.

A leading accounting firm specialising in wealth management is encouraging people to contribute as much as they can to their superannuation funds amid speculation of rule changes to the industry.