The Tax Practitioners Board (TPB) has warned registered tax practitioners that inadequate procedures and policies in relation to their outsourcing or offshoring arrangements could breach its Code of Professional Conduct.

The Australian Securities and Investments Commission (ASIC) has applied to the Federal Court for the appointment of a liquidator to a Perth-based SMSF property scheme business.

The federal government today released exposure draft regulations that support the transfer of the early release of superannuation benefits to the ATO.

The SMSF Association has backed the federal government’s decision to adopt a national and consistent approach to the issue of elder abuse.

The Self-managed Independent Superannuation Funds Association (SISFA) has said the misuse of limited recourse borrowing arrangements (LRBA) for total super balance (TSB) purposes is a non-issue, while changing the non-arm’s-length income (NALI) provisions could result in repercussions.

The capital gains tax (CGT) relief provisions in the superannuation reforms are unnecessarily complex and should have applied to all pension funds, according to an SMSF administrator.