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ATO flags SMSF auditor priorities for FY21

While the ATO has temporarily suspended its auditor programs for now, it has outlined some key focus areas for the...

15 September 2020 • By Miranda Brownlee

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SMSF firm taken to court over alleged advice failures

ASIC has commenced proceedings in the Federal Court against an advice firm in relation to alleged failures to act in...

07 September 2020 • By Miranda Brownlee

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6-member SMSF bill introduced into Parliament

A measure from the 2018–19 budget to increase the number of members allowed in an SMSF from four to six has been...

04 September 2020 • By Miranda Brownlee

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Legal risks flagged with popular methods of documenting rent relief

While trustee resolutions and exchanging letters have been popular methods of documenting rent relief, one law firm...

28 August 2020 • By Miranda Brownlee

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Further guidance needed on reporting of rental deferrals

Further information is needed from the ATO on the reporting requirements for rental relief, as rent deferral can only...

27 August 2020 • By Miranda Brownlee

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Super fund selection now enshrined as law

Australians will no longer be forced into super funds because of enterprise bargaining agreements, after a new law was...

25 August 2020 • By Grace Ormsby

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Adviser banned over failed SMSF advice

A former ANZ adviser who failed to take into account his clients’ SMSF investment strategy has now been banned from...

25 August 2020 • By Jotham Lian

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In-house SMSF audit services ‘not worth the risk’, says law firm

While SMSF firms may be reluctant to drop SMSF audit services in response to the APESB guidance, it may be an...

24 August 2020 • By Miranda Brownlee