Articles by Darin Tyson-Chan

Contributions

Date of birth impacts bring-forward NCCs

self managed superannuation, self managed super, SMSF, Non-concessional contributions, NCC, bring-forward NCC, Colonial First State, Linda Bruce, Craig Day

The provisions allowing SMSF members to trigger the NCC bring-forward rules in a subsequent financial year are birth-date sensitive.

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Insurance, SMSF

Insurance proceeds status changed

A new method to treat insurance proceeds received by a super fund has been unexpectedly included in draft Taxation Ruling 2010/1DC2.

A new method to treat insurance proceeds received by a super fund has been unexpectedly included in draft Taxation Ruling 2010/1DC2.

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SMSF, Superannuation, Tax

Deed not sole trustee duty determinant

SMSF trustees must keep in mind the SIS Act dictates their responsibilities in running a fund go beyond those contained in the trust deed.

SMSF trustees must keep in mind the SIS Act dictates their responsibilities in running a fund go beyond those contained in the trust deed.

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Technology

Cybersecurity alertness recommended

The cyberattacks directed at several public offer funds should provide SMSF trustees with a reminder to employ best-technology security practices.

The cyberattacks directed at several public offer funds should provide SMSF trustees with a reminder to employ best-technology security practices.

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ATO, SMSF, Trusts

Treatment of UPEs could change

Division 7A, ITAA, SIS Act, UPE, loans, unit trusts, unpaid present entitlements, Division 7A, Income Tax Assessment Act, financial accommodation, Sladen Legal, Phil Broderick, Federal Court, SIS Act, self managed superannuation, self managed super, SMSF

The treatment of UPEs as loans from beneficiaries to unit trusts may no longer stand due to a recent full Federal Court decision.

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Australian Shares, Investments

LICs can be better for income seekers

Listed investment companies have the ability to produce more optimal outcomes for individuals wanting their portfolio to deliver income.

Listed investment companies have the ability to produce more optimal outcomes for individuals wanting their portfolio to deliver income.

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Compliance & Regulation, SMSF

Disqualifications can be overturned

A recent AAT decision has shown a trustee disqualification can be challenged successfully if the right set of circumstances can be established.

A recent AAT decision has shown a trustee disqualification can be challenged successfully if the right set of circumstances can be established.

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Contributions

Tax strategy contribution split unwise

single transaction, contribution reserving strategy, tax deduction, Accurium, Anthony Cullen, ATO, self managed superannuation, self managed super, SMSF

Best practice suggests a contribution reserving strategy should be implemented using two separate transactions even though it is not required legally.

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International Shares, Investments

US tariffs will have big indirect impact

US tariffs, interest rates, AMP, Shane Oliver, Australian exports, global shares, Australian shares

The indirect impact of the new US tariffs will have a substantial effect on Australia, but may have a positive influence on domestic interest rates.

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ATO, Tax

Compassionate payout must exclude tax

Medical compassionate grounds, Colonial First State, Craig Day, SMSF Association, SMSF Association National Conference 2025, Melbourne, 

Early payments made from SMSFs on medical compassionate grounds must have tax deducted before they are received by the relevant member.

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