SMSFs with multiple pensions must use extra caution when it comes to which pension to roll back and the order under the proposed $1.6 million transfer balance cap requirements. “We have a few issues there,” Heffron SMSF Solutions technical services manager Leigh Mansell said. “If you think about this example of two members in the […]

The ATO has extended the time period SMSF trustees have to comply with the new safe harbour guidelines governing non-bank limited recourse borrowing arrangements (LRBA). Trustees will now have an additional seven months to comply with the new safe harbour guidelines and potentially avoid paying 47 per cent tax on the income generated from non-bank […]

Impressive Australian initial public offering (IPO) returns in May pointed to a strong IPO market for 2016, according to OnMarket BookBuilds.  According to the stock market listings and placements platform’s “April/May IPO Report 2016”, during the month of May, companies listing on the Australian Securities Exchange (ASX) delivered strong gains of 9.4 per cent, following […]

The SMSF Owners’ Alliance, Self-managed Independent Superannuation Funds Association, Australian Shareholders’ Association and Australian Investors Association have written a joint letter to the federal government to highlight what they consider to be five major flaws in the proposed changes to super and request a post-election independent review of the calculations involved in the changes.

The ATO’s early engagement and voluntary disclosure service will now accept notifications from SMSF trustees and practitioners of unrectified regulatory contraventions. The service was made available for use on 31 May and will act as a centralised portal for SMSFs to notify the ATO of unrectified regulatory contraventions, and to facilitate early engagement and rectification. […]

The SMSF Owners’ Alliance (SMSFOA) has commended Treasurer Scott Morrison’s decision to amend the federal government’s policy on the backdated $500,000 lifetime non-concessional contributions (NCC) cap, following concerns about the measure’s impact on contracts that were entered into prior to budget night.

Royston Capital has added the expertise of Hong Kong-based manager Admiral Investment to its Australian real estate investment trust (REIT) and listed infrastructure portfolio.

The SMSF Association has appointed Craig Jameson as its corporate development general manager, with the professional body’s expansion into the trustee market an important aspect of his new job.