The need for trustees of self-managed super funds (SMSFs) to get professional advice has never been more important, according to the SMSF Professionals' Association of Australia (SPAA). The statement ...
T here are several options that the ATO has to deal with contraventions of superannuation law by the trustee of a self-managed superannuation fund. A consistent theme throughout these options, however ...
Around two years ago, financial services industry experts asserted that the scrapping of the accountants’ exemption to advise self-managed superannuation fund (SMSF) clients would change the landscape ...
Financial advisers say an Australian Tax Office campaign targeting more than 16,500 self-managed superannuation funds – and around 1000 auditors – over unlisted asset valuations is linked to Labor’s ...
One in seven self-managed superannuation funds fail to lodge tax returns on time, or at all, leaving the regulator in the dark about the risks in the booming $1 trillion industry, which is growing by ...
Almost 650,000 Australians now control over $1 trillion in assets through self-managed super funds (SMSFs), according to the Australian Tax Office (ATO). That number keeps growing, but so do the ...
The ATO issued PS LA 2006/19 which relates to notices of non-compliance. The statement lists and attempts to explain factors that are taken into consideration in deciding whether or not to issue a ...