News : Compliance & Regulation

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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ATO, Compliance & Regulation

Onus on trustees for benefits access

The ATO has warned trustees they will be held accountable for members who access super without meeting a legitimate condition of release.

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ATO, Compliance & Regulation, Trusts

Family SMSFs must ponder disqualification

Individuals should consider the implications a serious compliance breach will have before including family members as SMSF trustees.

Individuals should consider the implications a serious compliance breach will have before including family members as SMSF trustees.

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Administration, ASIC, Compliance & Regulation, SMSF, Superannuation

Thousands of online scammers wiped out

The latest corporate regulator update revealed its enforcement actions shut down 10,000 websites and promotional activities in 2024..

The latest corporate regulator update revealed its enforcement actions shut down 10,000 websites and promotional activities in 2024.

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Compliance & Regulation, SMSF

Coercive control an SMSF problem

Coercive control, domestic violence, SMSF, SMSFA, Tracey Scotchbrook, Parliamentary Joint Committee, ATO, SMSF Association National Conference 2025

SMSFs have been identified as a financial structure that perpetrators of domestic violence and coercive control can use to their advantage.

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Compliance & Regulation, Investments

AFCA ruling threatens SMSFs

Australian Financial Complaints Authority, AFCA, wholesale investor, SMSF trustees, superannuation product, asset threshold, SMSF Association, Peter Burgess

A significant number of SMSF trustees may be adversely affected by a recent AFCA determination regarding the wholesale investor definition.

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Auditing, Compliance & Regulation

Rectified breaches still require an ACR

An SMSF compliance breach that has been rectified in the year in which it occurred will still have to have an ACR lodged for it with the ATO.

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Compliance & Regulation, Pensions

TRIS strategy seen as a compliance concern

TRIS ATO Pension Strategy Transition-to-retirement

Starting and stopping a transition-to-retirement income stream multiple times in one year may trigger compliance issues for an SMSF.

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Compliance & Regulation, Retirement

Role change can’t count as retirement

SIS Regulation Retirement condition of release preservation age IFPA Natasha Panagis

A change of employment conditions of a super fund member aged 60 will not satisfy a retirement condition of release in most cases.

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ATO, Compliance & Regulation, Property

Tardy related-party rent a compliance risk

Related-party Rent Sole purpose test Superannuation Industry (Supervision) (SIS) Act

SMSFs receiving rental income from a related party cannot allow these payments to fall behind in as it may represent a breach the sole purpose test.

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