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SMSFs bill green light
Super

Senate committee gives 6-member SMSFs bill green light

The Senate Economics Legislation Committee has recommended that the six-member SMSF bill be passed, despite concerns...
06 November 2020 • By Miranda Brownlee

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SMSF spruiker found guilty of defrauding
Super

SMSF spruiker found guilty of defrauding over $345k

A Queensland-based businessman has been found guilty of defrauding more than $345,000 from self-managed super fund...
30 October 2020 • By Emma Musgrave
Over 200 SMSF auditors exit the industry
Super

Over 200 SMSF auditors exit the industry

Recent figures from ASIC indicate that during the 2019–20 income year, over 200 SMSF auditors left the SMSF auditing...
29 October 2020 • By Miranda Brownlee
Federal Court of Australia
Super

Federal Court orders wind-up of unlicensed SMSF firms

The Federal Court has ordered the wind-up of two unlicensed financial services businesses which ASIC alleges provided...
27 October 2020 • By Miranda Brownlee
Bryce Figot
Super

SMSFs warned on quirks with personal guarantees, contributions

Given that COVID-19 could see increased instances of lenders calling upon personal guarantees for SMSF loans, an...
26 October 2020 • By Miranda Brownlee
ASIC
Super

ASIC concedes failure of early super SOA relief

The regulator has conceded its SOA relief around the early super scheme did little to help with the provision of...
23 October 2020 • By Sarah Kendell
Bryce Figot
Super

Common lessons for SMSF professionals in succession case

A succession case involving a series of wills and codicils and a complex restructuring of family investments provides...
20 October 2020 • By Miranda Brownlee
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Super

Dual purpose corporate trustees placing SMSF assets at risk

With COVID-19 heightening the risk of bankruptcy and insolvency, SMSF professionals should be encouraging clients to...
19 October 2020 • By Miranda Brownlee