News

Compliance, Cryptocurrency, Investments, SMSF

Derivatives require extra trustee care

Derivatives SMSF

SMSF trustees need to be aware of their heightened obligations under the SIS Act when investing in complex financial securities such as derivatives.

read more
Downsizer

Downsizer valuations absolute

Downsizer valuation

The valuation rules applied to downsizer contributions are very strict and not consistent with other tax provisions regarding property transactions.

read more
NALI/NALE

Guidelines useful in navigating NALI

NALI guidelines

SMSF practitioners should follow two straightforward rules of thumb to ensure NALI compliance when engaging in property development projects.

read more
Pensions

Use pension payment workaround sparingly

Minimum pension payments must be made by the end of this week and while workarounds exist, they should only be used as a last resort.

Minimum pension payments must be made by the end of this week and while workarounds exist, they should only be used as a last resort.

read more
ASIC, financial advice

Adviser levy set to increase

adviser levy

The government will end the temporary relief program on the ASIC levy paid by financial advisers from the end of this financial year.

read more
Compliance, financial advice, Financial Planning

Compensation scheme to start next year

Compensation scheme last resort

A compensation scheme of last resort will be in operation by early next year, but questions have been raised about its coverage and funding model.

read more
In-house assets, LRBA, Trusts

Trusts not an ownership workaround

trusts SMSF assets

Trustees must ensure they are registering assets purchased on behalf of SMSFs in the fund’s name and refrain from using trusts as a measure to compensate for poor documentation.

read more
Superannuation, Tax

Indexation measure a Div 293 issue

indexation division 293

Indexation of the quarterly maximum super contribution base might trigger a Division 293 tax issue for employees on high salaries.

read more
ATO, Pensions, SMSF

Pension restructure needs approval

Pension restructure ATO

SMSF members restructuring a pension that has an excess transfer balance should wait for ATO approval before making any commutations from the pension.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.