Super

Super

When NALI punishment goes way beyond the crime

The treatment of non-arm’s length income transgressions in SMSFs need to factor in the heavy penalties, says one...
28 November 2023 • By Keeli Cambourne

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Super

Canberra urged to reinstate SG amnesty for payday super

It would encourage employers to rectify historical shortfalls, industry associations say.
13 November 2023 • By Miranda Brownlee
Super

ATO raises $973m in SG charge liabilities in FY23

The ATO finalised around 14,000 SG cases during the year, with around 90 per cent initiated by employees, compliance...
08 November 2023 • By Miranda Brownlee
Super

Joint bodies reject ‘two-tier’ approach to NALE reforms

The government has been told to scrap its amendments to the non-arm’s length expense rules with industry associations...
06 November 2023 • By Miranda Brownlee
Super

Payday super will punish small business, says NTAA

Phase in the start date or give companies with less than $5 million turnover a waiver, urges the lobby group.
04 November 2023 • By Philip King
Super

Expanded Victoria land tax ‘to hit SMSFs with property’

Residential property that remains vacant for six months out of the year will be subject to the levy, a lawyer warns.
02 November 2023 • By Keeli Cambourne
Super

Caddick fraud victims target class action against SMSF auditors

Annual checks failed to confirm the investment assets – which turned out to be fake – actually existed.
31 October 2023 • By Philip King
Super

Farmers, small business ‘to bear brunt of $3m super tax’

Those with illiquid assets such as premises or land in super could struggle to pay the tax, the SMSF Association says.
20 October 2023 • By Philip King