News : SMSFA

Compliance, Legislation, Regulation, SMSF, SMSFA

SMSFA calls for residency reform completion

September 26, 2023

The SMSF Association has urged the government to fulfil its promise to complete reforms to the SMSF residency rules first put forward by its predecessors two years ago.

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Auditing, Investments, SMSF, SMSFA, Strategy

Simplify strategies for audit success

September 21, 2023

Todd Wills

SMSF investment strategies that are concise, focused and in compliance with the SIS Regulations are likely to have a better chance of passing the yearly audit of the fund.

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Compliance, Regulation, SMSFA

SMSF residency rules neglected

September 19, 2023

Todd Wills

The government has missed an opportunity to clarify future changes to SMSF residency rules as part of a current consultation process.

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Regulation, SMSFA, Superannuation

Objective needs clarification

September 14, 2023

Todd Wills

The proposed objective of superannuation requires a more precise definition due to the presence of vague terms in the statement.

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Accounting, SMSFA

Keep SMSF parts of registry program

September 7, 2023

Jason Spits

The SMSF Association has called on the government to streamline registry functions related to SMSFs, which would have occurred under the now-cancelled Modernising Business Registers program.

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Regulation, SMSFA, Tax

SMSFA broadens soft cap talks

September 6, 2023

Darin Tyson-Chan

The SMSF Association is engaging other industry bodies to help its campaign to have the government change the calculation method for the $3 million soft cap.

Specialisation can meet advice demand

SMSF Association specialist education financial advice

August 23, 2023

Jason Spits

The SMSF Association has called for more advisers to consider specialist training to take advantage of the growth in the sector and the related demand for advice.

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NALI/NALE, SMSFA

NALI can still taint all fund income

August 3, 2023

Todd Wills

It is still possible for the entire income of an SMSF to be taxed at the NALI penalty rate under the NALE bill currently before parliament.

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SMSFA, Superannuation, Tax

$3m super tax law expected by mid-2024

July 31, 2023

Todd Wills

The government is likely to release draft legislation for the proposed $3 million superannuation earnings tax by early September, with the bill expected to pass through parliament in mid-2024.

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financial advice, SMSFA

SMSF sector built by advisers

July 27, 2023

Jason Spits

Specialist SMSF advisers have played a key role in building the SMSF sector and its representative body into a recognisable presence in the superannuation landscape.

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