News

ASIC, Compliance, SMSF

ASIC sues Dixon Advisory director

ASIC Paul Ryan Dixon Advisory

ASIC has taken legal action against a company director for allegedly breaching his duties and failing to act in the interests of creditors during insolvency.

read more
Business News

Rabobank awarded for SMSF offerings

Rabobank SMSF accounts

Rabobank’s SMSF financial products have been honoured with multiple awards from a leading financial products comparison website.

read more
NALI/NALE, SMSFA

NALI can still taint all fund income

NALE general expenses

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.

read more
Contributions, Tax

Breach danger in passing shares to SMSF

SMSF personal services income shares

SMSF members passing on shares given to them in place of payment for personal services are likely to have breached a number of laws and ATO advice should always be sought on such matters.

read more
Residential Property, SMSF

Airbnb rental is not a business

SMSF business AirBnB

Renting out an SMSF residential investment property using Airbnb does not qualify as a situation where the trustee is running a business.

read more
ASIC, SMSF

Director pleads guilty to dishonest conduct

Dishonest conduct

A former director who used SMSFs in relation to the misappropriation of over $500,000 of client funds has pleaded guilty to dishonest conduct.

read more
Pensions, Retirement

Paperwork key for new year pensions

retirement phase pension paperwork

Documentation noting the situation of an SMSF member can allow a pension to be started on 1 July without knowing all of the fund’s asset values.

read more
Compliance, NALI/NALE, SMSF

NALI based on actions, not parties

NALI actions parties

The nature of the dealings and not the relationship between parties is the key focus of the NALI provisions and is confusing some practitioners.

read more
BDBNs, Estate Planning, SMSF, Trusts

SMSF testamentary trust released

SMSF testamentary trust

A new service has been launched to aid advisers and trustees in managing litigation risks in estate planning by combining a binding death benefit nomination with an SMSF testamentary trust.

read more
Investments

Living costs hit online investments

Online investments

Cost-of-living pressures are contributing to a contraction in the online investment marketplace in Australia.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.