News : Compliance & Regulation

Compliance & Regulation, Contributions, Regulation, Superannuation

Contributions caps set for 2026 rise

The recent movement in AWOTE figures indicates the superannuation contributions caps are set to increase from 1 July 2026.

The recent movement in AWOTE figures indicates the superannuation contributions caps are set to increase from 1 July 2026.

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Compliance & Regulation, Contributions, Downsizer

Downsizer extensions very strict

An application to have the downsizer contribution deadline extended will only be successful if there is a legitimate reason behind the request.

An application to have the downsizer contribution deadline extended will only be successful if there is a legitimate reason behind the request.

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Compliance & Regulation, Legislation, Trusts

Discretionary trusts considered NALI

An SMSF investment in a discretionary trust should be avoided as any distributions from it will be considered non-arm’s-length income.

An SMSF investment in a discretionary trust should be avoided as any distributions from it will be considered non-arm’s-length income.

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ATO, Auditing, Compliance & Regulation

SAR lodgement issues continue

SMSF annual return non-lodgements remain high, with the ATO tracking all funds and acting on those that appear to have serious breaches.

SMSF annual return non-lodgements remain high, with the ATO tracking all funds and acting on those that appear to have serious breaches.

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Compliance & Regulation, Contributions, Downsizer, Legislation, Regulation

Downsizer rules require sale proceeds

In order to be able to make a downsizer contribution, SMSF members must actually receive some proceeds from the sale of their existing residence.

In order to be able to make a downsizer contribution, SMSF members must actually receive some proceeds from the sale of their existing residence.

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Compliance & Regulation, Direct Property, Investments, Legislation, Property

Property developments viewed poorly

A recent trustee experience has demonstrated the ATO does not view SMSF investments in property developments involving a related party favourably.

A recent trustee experience has demonstrated the ATO does not view SMSF investments in property developments involving a related party favourably.

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Compliance & Regulation, Division 296, Legislation, Tax

Chalmers adamant about revised Div 296

The Treasurer has indicated he is currently not prepared to consider any other calculation methods for the revised Division 296 tax legislation.

The Treasurer has indicated he is currently not prepared to consider any other calculation methods for the revised Division 296 tax legislation.

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Australian Shares, Compliance & Regulation, Strategy

Risk with some work share schemes

An SMSF that acquires equities from employee share schemes linked with a person’s remuneration can create compliance difficulties for trustees.

An SMSF that acquires equities from employee share schemes linked with a person’s remuneration can create compliance difficulties for trustees.

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Compliance & Regulation, Contributions, Downsizer, Legislation, Regulation

Downsizer rules applied strictly

The ownership rules required to be satisfied before an SMSF member can make a downsizer contributions can be inflexible in some scenarios.

The ownership rules required to be satisfied before an SMSF member can make a downsizer contribution can be inflexible in some scenarios.

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Compliance & Regulation, Legislation

Wind-ups delayed by key-person risk

Key-person risk on several fronts has been acknowledged as a critical factor hampering the process of winding up an SMSF.

Key-person risk on several fronts has been acknowledged as a critical factor hampering the process of winding up an SMSF.

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