SMSF
Switch to lifetime super cap, says CA ANZ
It would be fairer to women than annual limits and the body urges support from both sides of politics.
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Super for housing policy ‘undermines the system’
Industry groups raise serious concerns about the Coalition’s proposed Super Home Buyer Scheme.
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ATO position ‘has litigation written all over it’
The status of benefits paid to a member after death remains problematic, hears SMSF conference.
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ATO flags ‘concerning findings’ in SMSF research
Most SMSF trustees are relying too heavily on tax professionals to fulfil their trustee compliance responsibilities.
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SMSF assets climb to $877bn during COVID
Despite the financial impacts of the pandemic, total SMSF assets still increased to $877 billion over the two years to December 2021, according to the latest ATO statisti...
ATO reveals top contraventions for SMSFs
Recent ATO statistics show there were 40,200 SMSF contraventions reported during the 2020-21 financial year, with contraventions relating to loans or financial assistan...
‘Comparative analysis’ needed in light of new ECPI reforms
With the measure around exempt current pension income now passed by both houses of Parliament, performing a comparative analysis of which method provides the best outco...
ATO wins appeal over SMSF trustee disqualification
The ATO has successfully appealed an AAT decision that had overturned the Commissioner of Taxation's disqualification of a trustee of an SMSF.
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HUB24 acquisition of Class receives green light
HUB24’s scheme of arrangement of acquiring all shares in Class Limited has been approved by the Supreme Court of NSW.
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ATO’s late lodgement focus set to continue this year
Late lodgements will continue to be under close scrutiny this year, with the ATO still looking to see further improvement in this area, says an SMSF auditor.
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Safe harbours needed for reporting estimates, says Tax Institute
The ATO should provide SMSF trustees with a safe harbour for estimates used when reporting the value of income streams, says the Tax Institute.
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