News : Documentation

Marsella appeal shows legal focus is on process

April 30, 2020

A recent unsuccessful appeal relating to an SMSF death benefit payment has demonstrated courts will focus on trustee obligations first rather than underlying perceptions of fairness.

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ATO, Documentation

ATO open to digital signature use

April 27, 2020

Tharshini Ashokan

Using a digital signature is an acceptable option for trustees unable to meet their SMSF financial statement signature requirements as a result of social distancing measures, the ATO says.

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ATO, Documentation

ATO defers SAR lodgement date

April 22, 2020

Jason Spits

The lodgement date for SMSF annual returns has been automatically pushed out to 30 June for all funds in the latest COVID-19 relief measure from the ATO.

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Documentation

DBA rolls out no-witness BDBN

April 20, 2020

Jason Spits

SMSF trustees will be able to execute a BDBN without the presence of witnesses under a new offering from an SMSF legal firm.

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Documentation

SMSF documents likely to fail legal test

April 15, 2020

Jason Spits

Many SMSF documents are likely to fail future legal challenges and advisers should consider the source of the documents they use, according to an SMSF legal expert.

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ATO, Documentation

ATO to tailor lodgement deferral

April 6, 2020

Darin Tyson-Chan

The ATO has revealed its compliance approach to SMSFs requiring a time extension for their annual return lodgement obligations.

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Documentation, Superannuation

SMSFA seeking COVID-19 clarity

April 2, 2020

Darin Tyson-Chan

More relief measures to ease the impact of the coronavirus pandemic are being discussed between the SMSF Association and ATO.

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Documentation

Print trust deed until all states go electronic

April 2, 2020

Jason Spits

NSW has moved ahead of other states and territories with electronic trust deeds, but trustees should still opt for paper until the move is universal.

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Documentation

Choose wisely to avoid document subpoenas

April 1, 2020

Jason Spits

Being able to prevent legal access to documents is a value-add lacking in some document providers and cannot be offset by lower cost, according to a legal firm.

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Documentation

Bushfires spotlight documentation issues

March 2, 2020

Darin Tyson-Chan

Actions to remedy lost or destroyed SMSF documentation have come to the fore as a result of the recent bushfires and floods across the nation, according to a technical expert.

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