The ATO has confirmed to the SMSF Association that an individual can make a downsizer super contribution as an in-specie (ie non-cash) contribution, provided that the other eligibility criteria are satisfied.
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Release authorities and SMSF Rollovers: ATO instrument released
The ATO released the Superannuation Data and Payment Standards (Release Authorities, and SMSF Rollovers) Amendment 2021 on 29 March 2021.
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Legislation 2021 – What remains before parliament?
Explore which bills have been introduced in the Australian Parliament but are yet to be passed.
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Super fund trustees must invest money in their member’s best financial interest
Recent media reports suggest that the Retail Employees Super Trust (REST) reached an out of court settlement with a litigant who wanted to force the REST trustees to take climate change seriously.
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NSW Budget: Overview of proposed property tax
As part of the NSW Budget, the Treasurer announced a proposal to introduce a property tax regime that would provide taxpayers with a choice between paying a known amount of stamp duty at the time of purchase of a property, or an annual property tax charge.
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NSW to take superannuation contribution holiday for 2 years
The NSW Government has announced that it will take a 2-year superannuation contribution holiday.
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SMSF annual returns: late lodgment may impact fund status
The ATO has reminded trustees of self-managed super funds (SMSFs) that the annual return due date for some funds is 31 October.
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The future of employer super
What will be the impact on employer super of recent Australian Government announcements in the Federal Budget?
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Federal Budget 2020-21: Initial observations on some of the major tax measures affecting business
This year’s highly anticipated Budget sets in motion key aspects of the economic recovery plan through a mixture of tax cuts, business concessions and bold measures to stimulate spending and investment.
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Budget: Super trustees – new best “financial” interests duty
The Government has announced that it will legislate to compel trustees of APRA-regulated superannuation funds to act in the best “financial” interests of their members.
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