News

Hardship access is fund responsibility

July 27, 2022

Super funds have been reminded they are responsible for deciding if a member can access funds early due to financial hardship, but the criteria is very limited.

read more

Education

New online learning site opens

July 27, 2022

Tia Thomas

SuperConcepts has launched an on-demand online learning service to cover current legislative issues.

read more

Death benefits

Death benefit review more critical

July 26, 2022

Darin Tyson-Chan

The recent decision handed down in the Hill v Zuda case should encourage SMSF trustees to review their death benefit nominations more often.

read more

Superannuation

Preserved components create opportunities

July 26, 2022

Jason Spits

The preserved nature of superannuation benefits creates planning opportunities for members receiving a split from their former spouse.

read more

Death benefits

Accountants need nomination awareness

July 26, 2022

Tia Thomas

SMSF accountants have a role to play in explaining the outcomes of death benefit strategies even if trustees rely on a lawyer to execute any decisions.

read more

AFCA, Appointments

AFCA adds ex-ASIC executive to board

July 26, 2022

Jason Spits

AFCA has appointed the outgoing deputy chair of the ACCC, who is also a former ASIC senior executive, to its board.

read more

Contributions

Work test not contribution trigger

July 25, 2022

Darin Tyson-Chan

The change to the work test rule implemented this year does not mean individuals should use it as an opportunity to contribute more money into super.

read more

ATO, Compliance

Control levels impact early access discretion

July 25, 2022

Tia Thomas

SMSF trustees are unlikely to receive discretion from the ATO for a breach of payment standards due to the effective control obligations applied to their funds.

read more

Contributions