News : Compliance & Regulation

SMSF responsibility lies with trustees

July 9, 2019

Engaging an adviser to help with an SMSF does not change who takes responsibility for the fund, with the law being clear this duty lies with the trustees.

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Compliance & Regulation

Franking credit inquiry opposes refund changes

May 9, 2019

Jason Spits

The final report from an inquiry into the removal of franking credits to some individuals has opposed the move, despite being split along party lines.

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Compliance & Regulation

SMSFA rejects sector inquiry call

April 9, 2019

Darin Tyson-Chan

The Australian Council of Trade Unions’ call for an inquiry into SMSFs has been labelled totally unwarranted by the sector’s peak body.

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Compliance & Regulation, Retirement

Six-member SMSF legislation dropped

April 9, 2019

Jason Spits

The government has withdrawn the legislation enabling SMSFs to service a maximum of six members.

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Compliance & Regulation, Strategy

Six-member SMSF bill may be passed pre-election

March 11, 2019

Malavika Santhebennur

The federal government is likely feeling confident its six-member SMSF bill will pass through parliament, given it was introduced last week, an SMSF expert has suggested.

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ATO, Compliance & Regulation

ATO to release banned SMSF trustee register

March 11, 2019

Jason Spits

The names of banned SMSF trustees will be made more accessible to advisers and the public via a new register from the ATO.

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Compliance & Regulation, Strategy

Government broadens work test exemption

March 11, 2019

Jason Spits

The federal government will allow people entering into retirement to make up to $300,000 in non-concessional contributions as a result of a change to the work test exemption. The change was announced at the recent SMSF Association National Conference 2019 in Melbourne by Assistant Treasurer Stuart Robert, who said the move was a result of […]

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Compliance & Regulation