Tax Legislation The clock is ticking: apply now for your Director ID November 16, 2022 If you are a director appointed under the Corporations Act 2001 on or before 31 October 2021, you must apply for a Director ID by 30 November 2022. Read more
Accounting Using On-demand Legal Documents: Aren’t They All The Same? August 16, 2022 Not all trust, company and self-managed superannuation fund (SMSF) documents are identical. It is important to make sure that you use the correct documents for your legal situation, and ensure… Read more
SMSF Downsizer in-specie contributions confirmed by ATO May 5, 2021 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. Read more
SMSF Release authorities and SMSF Rollovers: ATO instrument released April 7, 2021 The ATO released the Superannuation Data and Payment Standards (Release Authorities, and SMSF Rollovers) Amendment 2021 on 29 March 2021. Read more
Tax Legislation Legislation 2021 – What remains before parliament? February 1, 2021 Explore which bills have been introduced in the Australian Parliament but are yet to be passed. Read more
Research and Commentary Super fund trustees must invest money in their member’s best financial interest November 24, 2020 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. Read more
Research and Commentary NSW Budget: Overview of proposed property tax November 19, 2020 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. Read more
Practice and Advisory NSW to take superannuation contribution holiday for 2 years November 19, 2020 The NSW Government has announced that it will take a 2-year superannuation contribution holiday. Read more
Research and Commentary SMSF annual returns: late lodgment may impact fund status October 27, 2020 The ATO has reminded trustees of self-managed super funds (SMSFs) that the annual return due date for some funds is 31 October. Read more
Research and Commentary The future of employer super October 26, 2020 What will be the impact on employer super of recent Australian Government announcements in the Federal Budget? Read more