News : SMSF

ATO, Compliance, SMSF

Early access treatment key to ATO actions

ATO Illegal early access Peter Bobbin SMSF Association Technical Summit Loans SMSF Self-managed superannuation

The illegal early access of benefits can be treated in a different factual manner to produce a better compliance outcome for the trustees involved.

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Legislation, SMSF, SMSFA, Tax

Unchanged Div 296 bill not certain

SMSF SMSF Association Self-managed superannuation Division 296 tax LRBA Limited recourse borrowing arrangement Peter Burgess Unrealised capital gains SMSF Association Technical Summit

The SMSF Association has predicted there is an even chance the proposed Division 296 tax bill will be amended over concerns relating to its calculation method and unrealised gains.

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financial advice, SMSF

SMSF specialists increase profitability

Investment Trends SMSF specialists profitability Irene Guiamatsia

SMSF specialists have moved away from charging lower upfront fees to clients in favour of showing why their advice is valuable in an effort to increase profitability.

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Legislation, SMSF, Superannuation, Tax

Withdrawals can eliminate $3m cap liability

SMSF Self-managed superannuation SMSF Association Technical Summit Division 296 tax Liability Withdrawals Total superannuation balance

SMSF drawdowns can allow members to maintain a total super balance of $3 million or less and escape a Division 296 tax liability.

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ASIC, Regulation, SMSF

INFO 274 change having no impact

INFO 274 SMSF ASIC Self-managed superannuation Establishment Investment Trends

The significant amendment ASIC made to Information Sheet 274 has had almost no impact on SMSF establishments.

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Estate Planning, SMSF

Early action key in estate planning

Tim Miller Smarter SMSF Self-managed super Estate planning SMSF

Practitioners should start conversations with their SMSF clients early in the fund set-up process to ensure the best outcome in the event a member passes away.

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Auditing, Property, SMSF

Why a written lease agreement is essential

SMSF Auditor Written lease agreement property Self-managed superannuation Related parties ATO Reliance Auditing Services Naz Randeria

A written lease agreement is a vital document for SMSFs holding a direct property, particularly in cases where the tenant is a related party.

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Compliance, Regulation, SMSF, Tax

TPB disciplines SuperGuardian

Tax Practitioners Board Tax Agent Services Act 2009 Code of Professional Conduct SuperGuardian SMSF Self-managed superannuation Jason Poser SMSF Association

Specialist SMSF accounting firm SuperGuardian has had disciplinary action taken against it by the TPB for a code of conduct breach.

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Legislation, Regulation, SMSF, Tax

Is the Div 296 tax as bad as it’s made out to be?

Division 296 tax Total superannuation balance SMSF Self-managed superannuation $3 million threshold Accurium Anthony Cullen

Having a total super balance below $3 million at 30 June 2026 does not necessarily mean you should ignore the implications of the Division 296 tax.

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Auditing, Regulation, SMSF

Auditors must report trustee interference

SMSF SMSF auditor Self-managed superannuation Undue influence SIS Act Superannuation (Industry) Supervision (SIS) Act ATO Auditor contravention report ACR

SMSF auditors could face hefty fines or even prison time if they fail to notify the ATO when a trustee tries to sway the outcome of an audit of their fund.

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