News : SuperStream

Administration, ATO, SuperStream

ATO issues release authority guidance

ATO SuperStream Release authority Guidance

The ATO has provided guidance to rectify issues trustees may experience when using SuperStream with regard to release authorities.

read more
Administration, SMSF, SuperStream

SuperStream reducing rollover barriers

SuperStream SMSF rollover

SuperStream has made smaller rollovers more cost-effective, but the process still provides little feedback on what is taking place and potential problems that may occur.

read more
Compliance, Legislation, SMSF, SuperStream, Tax

$3m cap offers no revenue relief

Superannuation earnings tax penalty

Superannuants will not receive any relief from the revenue calculation associated with the $3 million soft cap in the event of a tax liability.

read more
SuperStream

SuperStream still a mystery to clients

superstream

SMSF practitioners will still need to guide clients through the SuperStream process which remains new to them after more than 18 months of operation.

read more
SuperStream

ESA providers to merge

ESA providers merge

Two electronic service address (ESA) providers will merge requiring SMSFs using their messaging services to update their details with the ATO.

read more
ATO, SuperStream

SuperStream solutions pending

SuperStream

A solution could soon be made available by the ATO for common problems SMSF trustees are experiencing when using SuperStream for fund rollovers.

read more
SuperStream

Two SuperStream components key

SuperStream components

Two components of the SuperStream system must be acknowledged by the trustees of a superannuation fund rolling over a member balance.

read more
ATO, SuperStream

ATO highlights corporate trustee benefits

ATO corporate trustee

The ATO has highlighted the difference between SMSF trust structures and emphasised a corporate trustee has key advantages over individual trustees.

read more
SuperStream

SuperStream issues still significant

SuperStream information

SMSF trustees are still experiencing difficulties with processing member balance rollovers via the SuperStream system on multiple levels.

read more
ATO, SuperStream

ESA non-disclosure breaches obligations

withheld ESA

SMSF practitioners must disclose the electronic service address of a fund when dealing with the ATO as not doing so will create a breach for their trustee clients.

read more

Copyright © SMS Magazine 2024

ABN 43 564 725 109

Benchmark Media

Site design Red Cloud Digital