News

ATO, Auditing

SAR modified for audit data capture

The 2026 SMSF annual return has been modified with new labels to improve the information the ATO has about yearly fund audits.

The 2026 SMSF annual return has been modified with new labels to improve the information the ATO has about yearly fund audits.

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LRBA

Range of suggested LRBA changes put forward

The government could modify the ban on residential property LRBAs with some simple changes that would make it more workable.

The government could modify the ban on residential property LRBAs with some simple changes that would make it more workable.

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Family Law, SMSF, Superannuation

Fairness can reshape super split order

A family law order to split super can be challenged if it is unfair to other members of an SMSF outside the dispute.

A family law order to split super can be challenged if it is unfair to other members of an SMSF outside the dispute.

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Retirement

Retiree financial confidence dips

Financial confidence in their retirement years has fallen in the past 12 months for Australians aged 65 and over.

Financial confidence in their retirement years has fallen in the past 12 months for Australians aged 65 and over.

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Documentation, Pensions, Software, Technology

Release authority payment software snag

The administrative software an SMSF is using may complicate the process of paying a release authority amount from a pension account.

The administrative software an SMSF is using may complicate the process of paying a release authority amount from a pension account.

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Auditing, Division 296, Valuations

Div 296 hasn’t eased auditor obligations

SMSF auditors have been reminded their obligations to evaluate asset valuations and investment return allocations are critical under Division 296.

SMSF auditors have been reminded their obligations to evaluate asset valuations and investment return allocations are critical under Division 296.

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Auditing, Compliance, Documentation

Unsigned documents a trustee breach

Trustees failing to sign fund documents, even in the event of a dispute, will still be in breach of their obligations.

Trustees failing to sign fund documents, even in the event of a dispute, will still be in breach of their obligations.

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ATO, Superannuation, Tax, TPB

Call for tax admin review feedback

The Tax Ombudsman is calling for feedback on several possible tax administration issues that have been identified as areas of review.

The Tax Ombudsman is calling for feedback on several possible tax administration issues that have been identified as areas of review.

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ATO, Compliance

New disqualified person category invoked

A new category of disqualified person relating to SMSF trustees has been added to address unpaid compensation for victims of criminal behaviour.

A new category of disqualified person relating to SMSF trustees has been added to address unpaid compensation for victims of criminal behaviour.

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Contributions, LRBA

Contributions can cover LRBA shortfall

Excess contributions can help cover the shortfall in an LRBA arrangement if a carefully executed strategy is deployed.

Excess contributions can help cover the shortfall in an LRBA arrangement if a carefully executed strategy is deployed.

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