News

Education

New course to boost SMSF knowledge

Smarter SMSF course

A new education offering will provide advice practitioners with entry-level SMSF training carrying CPD credits recognised by major industry associations.

read more
Regulation, Superannuation

Status hit for member increases

SMSFs six members

SMSFs looking to expand to six members need to be aware the addition of new trustees will take the fund offline for as long as the ATO takes to vet the new additions.

read more
Accounting, Administration, Auditing

Admin services likely to win out

administration auditing

Two senior industry specialists have questioned the prudence of accounting firms retaining auditing services over providing administration and financial statement preparation for SMSFs

read more
Pensions

Some reversionary pensions may fail to revert

reversionary pensions

Circumstances where an adult child is nominated as the recipient of a reversionary pension could leave the intended beneficiary empty handed, a legal expert has said.

read more
ASIC

Former director charged with dishonest conduct

dishonest conduct SMSFs

A former company director has been charged with dishonest conduct relating to the mismanagement of clients’ SMSFs.

read more
Documentation, Superannuation

Expense duty will impact SMSFs

best financial interests

An understated budget change may require SMSF trustees to account for every dollar spent by their fund under an expansion of best interest duties.

read more
Auditing, Tax

Tax agent/auditor role unclear

Tax agent SMSF auditor

It remains unclear whether a practitioner can act in the capacity of tax agent and also auditor for an SMSF, a sector specialist has said.

read more
Superannuation

YourSuper to affect SMSF advice

YourSuper SMSF advice

A technical manager has warned the YourSuper performance measure to be applied to MySuper finds announced in the 2020 federal budget will have an impact on SMSF advice.

read more
Administration, Superannuation

SMSF costs below $3000 a year

SMSF costs $3000

A fintech firm has found the running costs of SMSFs can be under $3000 even where investment and brokerage fees are included.

read more
Documentation

Company constitutions require focus

Company constitutions SMSFs

A specialist lawyer has advised for particular attention to be paid to company constitutions of SMSF corporate trustees as they hold the key to decision-making for the fund.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.