News : Superannuation

Historical deed amendments need review

August 3, 2021

New amendments to older trust deeds need to be carefully considered as previous conditions and changes may render future alterations void.

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Auditing, Superannuation

ATO to allow auditors to save ACRs offline

August 3, 2021

Jason Spits

SMSF auditors will be able to save an electronic copy of any contravention report they lodge, creating their own historical record, as part of new ATO changes.

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Superannuation

Rare benefit release gains relevance

July 27, 2021

Darin Tyson-Chan

A relatively obscure unrestricted superannuation condition of release for SMSFs may now become more relevant as a result of recent legislative changes.

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Superannuation

SMSF members highly satisfied with funds

July 27, 2021

Jason Spits

SMSF members are highly satisfied with their choice of superannuation fund and the sector has topped satisfaction ratings across all types of funds.

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Investments, Superannuation

Venture capital offers long-term returns

July 27, 2021

Tia Thomas

Super funds should consider a longer-term venture capital investment as a way to avoid short-term equity market volatility.

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Cryptocurrency, Superannuation

Ownership a cryptocurrency issue

July 26, 2021

Darin Tyson-Chan

The SMSF asset ownership rules have the potential to result in compliance issues for funds looking to invest in cryptocurrency.

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ATO, Superannuation

Visibility changes still need faster data

July 22, 2021

Jason Spits

Changes to allow greater visibility of superannuation assets during a separation are positive, but faster collection and reporting of data is still required.

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Superannuation

COVID-19 provides sector boost

July 21, 2021

Darin Tyson-Chan

The COVID-19 pandemic has seen an increase in SMSF establishments over the year to March 2021.

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Pensions, Superannuation

Paperwork key to future pension payments

July 21, 2021

Jason Spits

SMSF trustees can set a date to receive pension payments, but must ensure the commencement and payment dates are not switched.

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Retirement, Superannuation

Retirement covenant includes SMSFs

July 20, 2021

Jason Spits

The retirement income covenant will apply to all super funds, including SMSFs, and will carry similar obligations to those required for investment strategies.

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