The SMSF Professionals’ Association of Australia (SPAA) has encouraged trustees to take advantage of strategies that can minimise tax liabilities before 30 June.

SMSF administration software specialist Class Super has announced the appointment of Panos Alexandratos as its new chief operating officer.

Despite the introduction of new rules allowing for the refund of excess contributions, the treatment of genuine mistakes still has not properly been addressed and needs review, according to a specialist SMSF lawyer.

A leading SMSF legal expert has implored advisers to consider the outcome of what a binding death benefit nomination (BDBN) is being put in place to achieve rather than just looking at the exercise as a mere formality.

The Australian Taxation Office’s (ATO) new industry consultation framework is to date working effectively, according to one industry participant.

Accounting firm Chan & Naylor has extended its service offering to include an SMSF administration facility and a national mortgage broking service.

Accountants looking to operate under the new licensing regime under the Future of Financial Advice reforms are favouring the middle-ground option that allows the provision of strategic SMSF advice to clients, according to AMP’s specialist licensee business, SMSF Advice.

SMSFs looking to make in-specie transfers before the end of the current financial year need to act now as these transactions generally take time to process, according to a specialist lawyer servicing the sector.

The SMSF Professionals’ Association of Australia (SPAA) remains positive about the development and growth of the sector despite the latest Australian Taxation Office (ATO) statistics reflecting a slight softening in the speed of fund establishments.