The Australian Taxation Office (ATO) will respond to every auditor contravention report (ACR) it receives this financial year as part of its compliance activities.

AMP Capital will continue to engage with the SMSF sector and advisers for feedback to determine the next offering it will bring to the market.

Specialist business consulting firm SMSF Design has launched a Client Strategy Matrix to help accountants and advisers improve their revenue streams in response to the sector’s rapidly changing practitioner landscape.

Providing a successful SMSF administration service does not necessarily have to involve the employment of low-cost offshore operations, according to a Perth-based practitioner celebrating his 20th anniversary in the business.

Accountants who add SMSF financial advisory services will not only increase their current revenue streams, but will also reap the benefit of being able to attract a higher selling price for their practices when they are ready to retire, according to the head of a large financial services firm.

Prudential supervision of SMSFs is unnecessary as the current regulatory approach is appropriate and working well, the SMSF Professionals’ Association of Australia (SPAA) has said.

With 30 June approaching, SMSF trustees will need to have their affairs in order and ensure their fund is compliant before the end of the financial year, HLB Mann Judd has said.

The Australian Taxation Office (ATO) has announced its intention to make zero interest related-party loans to SMSFs unattractive by defining the income derived from the assets acquired through these loans as non-arm’s-length, which will result in a substantial tax liability.

SMSF specialist administrator SuperGuardian has teamed up with Xpress Convert to launch a service providing a seamless transition to the Class Super administrative platform.