News

Contributions, Superannuation, Tax

Contribution can equal forgiven charge

An invoice issued by a trustee to their own SMSF for services but then forgiven can determine the value of the contribution needing to be recorded.

An invoice issued by a trustee to their own SMSF for services but then forgiven can determine the value of the contribution needing to be recorded.

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ATO, Auditing, Compliance

Trustees should be proactive with breaches

Trustees who have a contravention in their fund should be proactive in providing information about the mistake, its rectification and the action they have taken to prevent a reoccurrence.

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ATO, Business News, Compliance, SMSF, Superannuation, Tax

ATO releases auditor priorities

The volume and cost of SMSF auditors’ work will be key areas of focus for the ATO in the coming year, with outliers likely to draw attention.

The volume and cost of SMSF auditors’ work will be key areas of focus for the ATO in the coming year, with outliers likely to draw attention.

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Auditing

Data reflects interesting audit trends

The latest industry statistics recently released by the ATO have uncovered some interesting developments among registered SMSF auditors.

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Accounting, financial advice, Financial Planning

Accountants’ advice role to be upped

Accountants, ATO portal, Treasury, Tax agents, Shadow minister for Financial Services, Luke Howarth, SMSF Association National Conference 2025,

Accountants will be allowed to play a more significant role in the provision of financial advice should the coalition win the next federal election.

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Investments

Advised SMSFs see better share trades

Advised SMSFs have generated better value on their share trades as the overall number of funds trading online increases.

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Legislation, SMSF, Superannuation

Adviser loses ban appeal

A Melbourne-based adviser, first flagged over dishonest conduct nearly a decade ago, has lost an appeal to have his conviction and imprisonment overturned.

A Melbourne-based adviser, first flagged over dishonest conduct nearly a decade ago, has lost an appeal to have his conviction and imprisonment overturned.

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Aged Care, Downsizer, financial advice, Retirement, SMSF, Superannuation

Retiree confidence undermined

Retirees are less confident in their financial future as a result of cost-of-living increases and are keen to receive help in managing their super.

Retirees are less confident in their financial future as a result of cost-of-living increases and are keen to receive help in managing their super.

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Business News, SMSF, Superannuation

Excellence recognised for 2024

The annual sector awards were presented at the SMSF Association National Conference 2025 to four members whose excellence was recognised in 2024.

The annual sector awards were presented at the SMSF Association National Conference 2025 to four members whose excellence was recognised in 2024.

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Investments, SMSF

Wholesale investor lobbying underway

The SMSF Association has already commenced lobbying activities seeking a definitive solution for the wholesale investor rules’ interaction with SMSFs.

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