ASIC yesterday revealed it had cancelled the registrations of 133 approved SMSF auditors who did not lodge their annual statements.

SMSF service provider Triple A Super has introduced a new low-cost, cloud-based fund administration offering to the market.

Making a plan, understanding the options before entering an SMSF and being flexible to changing circumstances were imperative to exiting the fund at the right time and as smoothly as possible, according to Omniwealth.

ASIC yesterday revealed it had cancelled the registrations of 133 approved SMSF auditors who did not lodge their annual statements.

There was a growing commitment by SMSF specialists to be professionals in this critically important superannuation segment, regardless of their business size, according to the SMSF Association.

By 2026, the industry could have moved to a fully digital SMSF environment whereby tax return and audit functions were automated and “plugged in” to the ATO, according to Challenger retirement income chairman Jeremy Cooper.