News : Legislation

Administration, Documentation, Legislation

Wet signatures reduce litigation risk

December 1, 2023

Electronically signing a deed may expose it to litigation allowable under a state or territory outside of where the document was initially executed.

Valuation manipulation a compliance issue

Market value SIS regulation 8.02B Division 296 tax superannuation earnings tax

December 1, 2023

Todd Wills

Attempting to avoid the impact of the $3 million soft cap tax by providing undervalued asset assessments is likely to create more problems for SMSF trustees than it solves.

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Legislation, Superannuation

Super wars side chosen

superannuation wars NALE earnings tax Angus Taylor

November 17, 2023

Jason Spits

The government’s legislative agenda has reignited the superannuation wars and clearly shows it has sided against the SMSF sector.

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Legislation, SMSF, Tax

Liquidity risk of new tax quantified

SMSF Association Superannuation earnings tax liquidity

October 20, 2023

Darin Tyson-Chan

New SMSF Association-commissioned research has indicated the tax on super balances over $3 million will result in liquidity risk.

Digital asset regulation proposed

Digital assets cryptocurrency regulation

October 20, 2023

Todd Wills

Digital asset platform providers will be required to obtain an Australian financial services licence under a new Treasury proposal.

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Legislation, Superannuation, Tax

$3m soft cap draft bills released

$3m earnings tax soft cap draft legislation Treasury

October 6, 2023

Jason Spits

The draft bill covering the proposed new tax on total super balances in excess of $3 million has been released with no significant changes.

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Legislation, SMSF, SMSFA

Residency rules need changing now

October 6, 2023

Todd Wills

The SMSF Association has urged the government to complete reforms to the residency rules first put forward by its predecessors two years ago.

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Legislation, Superannuation

Super objective needs more clarity

Objective of superannuation legislation regulation

October 6, 2023

Todd Wills

Draft legislation to enshrine the objective of superannuation into law does not include any guidance as to whether auxiliary measures would need to align with it.

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