News

Documentation

Print amended deeds regardless of length

amended SMSF deeds

The production of deeds should be no respecter of paper, with an SMSF legal expert urging the use of new paper deeds for every update and change.

read more
Accounting, financial advice

Limited licence adviser numbers drop sharply

accountants limited licence

The number of accountants operating under a limited licence has more than halved in the past year compared to peers under a full licence model.

read more
ASIC

Mayfair appeal against ASIC penalty dismissed

Mayfair appeal against ASIC

The Federal Court has dismissed an appeal by Mayfair 101 against a $30 million penalty for false advertising handed to it late last year.

read more
LRBA

Compliance risk from LRBA default

LRBA loan guarantor

The instance of a lender to an SMSF exercising an LRBA guarantor clause could lead to a compliance breach of superannuation (SIS) law.

read more
Property

Timing key in business real property status

business real property

The status of business real property in an SMSF hinges on from whom it is acquired and who makes use of it when owned by the fund.

read more
Education

Accurium expands education beyond SMSFs

Accurium education

Accurium will offer accounting firms education services after requests for information on personal and small business tax matters.

read more
Accounting

FPA calls for levy freeze, CSLR expansion

FPA levy compensation scheme

The FPA has called for an extension to the ASIC levy freeze for another year, as well as a broader scope for the compensation scheme of last resort.

read more
Auditing

Audit lessons from Caddick case

smsf auditors caddick

SMSF auditors must heed the lessons that have emerged from the fraudulent activities uncovered in the well-publicised Melissa Caddick case.

read more
Compliance, Documentation, Regulation

More timely SMSF data likely

SMSF data

SMSF data reporting will need to be more timely and accurate to enable governments to make better superannuation policy in the future.

read more
LRBA

Renewed call to end LRBAs

AIST LRBAs

An industry fund body has returned to previous claims LRBAs create systemic risks for the superannuation system and should be banned.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.