News

Compliance

How quickly do death benefits need to be paid?

SMSF death benefits

Prescribed time frames are often applied to situations regarding financial matters. Meg Heffron examines what the dictated timelines mean for SMSF death benefits.

read more
ATO, Retirement, Tax

ATO seeks help on tax avoidance

ATO retirement schemes tax

The ATO has flagged a number of retirement planning schemes that may be involved in tax avoidance and has asked trustees and advisers to report their promotion.

read more
ATO

Super information can’t be cherry-picked

Lacey v Commissioner of Taxation

Certain ATO material cannot be used in isolation to determine a superannuant’s particular course of action to address an issue, a recent Administrative Appeals Tribunal case has determined.

read more
Retirement, Superannuation

SMSF Party renews calls for supporters

SMSF Party Grant Abbott

The SMSF Party has called for supporters to formally sign up so its registration can proceed within the next few weeks.

read more
LRBA

New TSB measure could hit SMSFs with LRBA

LRBA TSB measure

A new integrity measure that includes members’ share of LRBA borrowings in their TSB could have detrimental consequences for some, an SMSF legal firm warns.

read more
ATO, Auditing

Auditor number misuse identified

SMSF auditor number

The ATO has now identified the more serious cases of SMSF auditor number abuse and has vowed to prosecute tax agents connected with them.

read more
ATO, Property

Fractional investments okay post Aussiegolfa

ATO fractional investments SMSF

The ATO will consider the use of fractional property investments inside SMSFs, but will require providers to seek its approval first.

read more
ATO, Superannuation, Tax

TBC indexation may take place in 2020

TBC indexation

The ATO has told trustees the expected indexation of the general TBC could occur as early as mid-2020.

read more
ASIC

NALI implications in ASIC factsheet

ASIC factsheet NALI

ASIC’s estimation of the time trustees spend managing SMSFs may add a concerning dimension to the NALI rules relating to fund expenses.

read more
Superannuation, Tax

Review should examine super tax concessions

retirement tax concessions superannuation

The retirement income review should consider if tax concessions for superannuation are ultimately being used to fund housing in retirement.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.