SMSFs receiving an overpaid present entitlement must step carefully to prevent it being treated as a borrowing and breaching superannuation law.

The use of automated trust management services can boost service levels and address staff shortages for accounting and advisory businesses.

Regulatory and compliance relief for 13.22C breaches could be introduced after they were given a live test as part of COVID-19 relief measures.

Advisers must be aware circumstances such as an overdrawn bank account can cause a contravention of the SIS regulation 13.22C trust rules.