News

Split policy a TPD solution

December 16, 2020

An SMSF specialist has suggested a split total and permanent disablement insurance policy can allow cover to be held in the fund while ensuring policy definitions not allowable under super law are contained in it.

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Documentation

Incorrect resignations can void fund decisions

December 16, 2020

Jason Spits

Trustee or directors may still be tied to an SMSF if their resignation is not carried out correctly, voiding all future actions of the fund.

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Cryptocurrency

Future of crypto likely to be less volatile

December 16, 2020

Tharshini Ashokan

SMSF investors should not assume cryptocurrency’s 2017 extreme highs and lows will be a template for its future performance, a digital asset investment expert says.

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Documentation

Accounts deadline dropped

December 15, 2020

Jason Spits

A controversial proposal to force SMSFs to finalise accounts weeks before their lodgement has been abandoned by Treasury.

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Appointments, Business News

SuperConcepts head announces departure

December 15, 2020

Jason Spits

The head of SuperConcepts will leave before Christmas to take on a consulting role in the new year.

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Auditing

Private company valuations tricky

December 15, 2020

Darin Tyson-Chan

A specialist practitioner has identified valuing SMSF holdings in private companies and unlisted unit trust as being a problematic area for auditors with regard to the annual returns of funds.

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Property, Tax

COVID-19 NALE impact still possible

December 15, 2020

Tharshini Ashokan

SMSF practitioners should be mindful of the link between COVID-19 rent relief deferrals and non-arm’s-length expenditure (NALE), a technical specialist has warned.

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Insurance, Superannuation