News : Tax

Division 296, SMSF, Tax

New tax presents SMSF double hit

SMSFs trustees face paying tax on both unrealised and realised capital gains as a result of the proposed Division 296 tax.

read more
Division 296, SMSF, Superannuation, Tax

Government super tax stance staunch

The SMSF Association has acknowledged the re-elected Labor government has no intention of making any changes to the Division 296 tax.

read more
Division 296, SMSF, Superannuation, Tax

Anti-Div 296 tax petition initiated

An Australian fund manager has launched a petition opposing the proposed Division 296 tax that has already received noticeable support.

read more
Tax

Impact of new tax misrepresented

A government prediction about the Division 296 tax has significantly underestimated the impact it will have on SMSF members.

read more
Tax

Div 296 discussions need restarting

Division 296, tax, SMSF, self managed super, trustee, $3 million, SMSF Alliance, David Busoli, Senate, implementation date, legislation, 30 June 2026, total super balance

The result of the recent federal election means trustee conversations with accountants and advisers need to be resumed regarding the new super tax.

read more
Superannuation, Tax

Div 296 tax will hurt economy

self managed superannuation, self managed super, SMSF, Division 296, Wilson Asset Management, Geoff Wilson, deadweight loss, unrealised capital gains, $3 million, indexation

More unintended consequences have been identified should the proposed Division 296 tax policy become part of the superannuation system.

read more
SMSF, Superannuation, Tax

Deed not sole trustee duty determinant

SMSF trustees must keep in mind the SIS Act dictates their responsibilities in running a fund go beyond those contained in the trust deed.

SMSF trustees must keep in mind the SIS Act dictates their responsibilities in running a fund go beyond those contained in the trust deed.

read more
ATO, Tax

Compassionate payout must exclude tax

Medical compassionate grounds, Colonial First State, Craig Day, SMSF Association, SMSF Association National Conference 2025, Melbourne, 

Early payments made from SMSFs on medical compassionate grounds must have tax deducted before they are received by the relevant member.

read more
ATO, SMSF, Tax

ATO messaging needs adherence

ATO, Emma Rosenzweig, SMSF National Conference 2025, release authorities, excess contributions, fraudsters, scammers,

The regulator has noticed a disturbing trend whereby SMSF trustees are ignoring critical pieces of correspondence relating to compliance breaches.

read more
Contributions, Tax

Cap breaches contain silver lining

Non-concessional contribution, Institute of Financial Professionals Australia, IFPA, Natasha Panagis, tax-free, retirement savings, superannuation, 

SMSF members can enjoy an unexpected benefit with regard to the taxable component of their benefits subsequent to making a contribution in error.

read more

Copyright © SMS Trustee News 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.