The ATO has announced a common-sense solution to the unintended consequences of its treatment of situations where a market-linked pension has been commuted and subsequently restarted in relation to an individual’s transfer balance cap.

The ATO has issued an SMSF Regulator’s Bulletin detailing its stance on the use of reserves in SMSFs.

A technical expert has told SMSFs to monitor whether administration costs are raised due to events-based reporting especially among administrators that are not fully automated.

The ATO is in the process of examining all SMSF investments in unit trusts as part of its compliance activities regarding related-party transactions, a technical expert has revealed.