News

Auditing, Compliance

Tax agent banned for SAN misuse

tax agent banned SAN misuse

A Queensland-based tax agent has been banned for four years following a Tax Practitioners Board investigation into SAN misuse.

read more
ATO, Regulation

ATO will seek further NALE input

ATO NALE

The ATO will give the SMSF sector a final opportunity to provide feedback on the NALE rules for practitioners and has also defended ASIC’s cost fact sheet.

read more
Auditing

Auditors lift process intensity

SMSF auditors

Auditors have upped their intensity since the ATO sent out letters last year questioning the investment strategies of SMSFs, a senior executive in the sector has said.

read more
Superannuation

SMSFs seen to serve members better

SMSFs members problems

Retail and industry funds have not served members as well as they could have, unlike SMSFs, which had very few problems, a government senator has claimed.

read more
Superannuation

Tips and traps for 2020/21 contributions

SMSF contribution rules

SMSF advisers and members should consider certain tricky situations brought about by the new contribution rules that took effect from 1 July 2020.

read more
ASIC, Superannuation

ASIC ponders revised fact sheet

ASIC SMSF fact sheet

ASIC is still considering if it will release a revised SMSF fact sheet despite having updated information from the ATO on the cost of running a fund.

read more
ATO, Education

ATO trustee course takes shape

Trustees course

An SMSF trustee competency assessment is currently being finalised by the ATO.

read more
Estate Planning

Estates unlock dependency tax benefits

estate tax benefits

SMSF members should examine the tax benefits of nominating their estate as the beneficiary of a super death benefit if they want it to go outside the family, an SMSF legal expert says.

read more
Estate Planning, Strategy

Flexible BDBNs more advantageous than wills

BDBN SMSF will

Flexible binding death benefit nominations (BDBN) in an SMSF are better tools for directing wealth to beneficiaries than superannuation within a will, a compliance specialist has claimed.

read more
Property

Rent relief instrument imminent

SMSF landlords rent relief

The regulator’s compliance approach to COVID-19 driven rent relief provided by SMSF landlords will shortly be legally formalised.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.