News

Sort death benefits at start of divorce action

August 25, 2022

Death benefits should be addressed at the outset of a marital split to prevent former partners receiving monies that are no longer intended for them.

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Superannuation

SMSF asset growth unsurprising

August 25, 2022

Jason Spits

The SMSF Association claims ongoing growth in fund assets is not unexpected and highlights the resilience of the sector.

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ATO, Compliance

ATO corporate trustee disqualification upheld

August 25, 2022

Jason Spits

The director of a corporate trustee who illegally accessed nearly $900,000 of superannuation has lost an appeal to have their disqualification overturned.

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Documentation

Deed must avoid stranded money

August 24, 2022

Darin Tyson-Chan

The SMSF trust deed must contain particular clauses to ensure remaining monies in a single-member fund can be exited from the superannuation system.

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Property

Business real property use must be restricted

August 24, 2022

Jason Spits

SMSFs with business real property are not required to use every part of it as long as they can show it is not being used for any other purpose.

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Superannuation

Treasurer outlines govt super agenda

August 24, 2022

Jason Spits

Treasure Jim Chalmers has outlined key areas for change in the superannuation sector, but has appeared to contradict one of his colleagues with his comments.

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Investments

Foreign exchange conversions can add value

August 24, 2022

Nicolas Steiger

Financial advisers can save clients thousands of dollars in fees in the current low-return environment by using new technology to process foreign exchange transactions.

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Auditing