Super

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

more from super

Super

Treasury opens consultation on payday super measure

Two models are put forward for the reform as well as revisions to the penalties for late payment.

10 October 2023 • By Miranda Brownlee

Super

ATO steps up data-matching to snare late super payments

STP 2 and more sophisticated software enables the Tax Office to monitor payments quarter by quarter, a technical...

05 October 2023 • By Miranda Brownlee

Super

Draft law for $3 million super tax reveals exemption details

The additional tax on large balances contains provisions for child recipients, structured settlements and deceased...

04 October 2023 • By Miranda Brownlee

Super

SMSFA urges government to remove active member test

Residency of a fund should be determined on the same principles as all other entities for income tax purposes, the...

03 October 2023 • By Keeli Cambourne

Super

Professional bodies reject proposed objective for super

The sole purpose test does the job, they say, and changing the law will fail to prevent bad policy decisions in the...

29 September 2023 • By Miranda Brownlee

Super

Revised NALE rules ‘miss chance to clarify SMSF bugbear’

The ATO will need to help trustees work out when an arrangement is internal to the fund for the purposes of non-arm’s...

20 September 2023 • By Philip King

Super

Unusual investments driving SMSF audit delays, compliance risks

An increase in complex and related-party investments by SMSFs is slowing down the audit process and increasing the...

15 September 2023 • By Miranda Brownlee