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Super

Build a strong path to wealth with our superannuation news and insights.

ATO takes aim at ‘you-scratch-my-back’ auditing arrangements

It has long been an accepted standard that the auditor of an SMSF needs to be independent of that fund, and be a third party entity to the SMSF. This requirement is written into the SISR

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Super

ATO says it will not impose penalties for SMSF asset valuations during COVID-19 due to lack of evidence

When SMSF trustees prepare the financial statements and accounts for their fund, they must report the fund assets at market value to comply with regulation 8.02B of the Superannuation Industry

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Press Releases Super

SG Amnesty could have boosted retirement savings for even more

by John Jeffreys Tax & Super Australia (TSA) believes the SG Amnesty would have likely returned even more retirement savings to Australians if it was extended to operate beyond the most

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Super Tools

Some ATO forms that SMSF trustees may need

SMSF trustees may find that occasionally a particular form is needed to be able to complete an administrative task for the ATO. Rather than have you searching the vast labyrinth of the ATO’s

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Super

SG penalty remissions: How not to trip up, post-amnesty

The ATO has published draft law administration practice statement PSLA 2020/D1 – remission of additional superannuation guarantee charge. With the SG amnesty now expired, so too has the ability

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Super

SMSF regulations to allow six members under new legislation

A bill has been introduced, the Treasury Laws Amendment (Self Managed Superannuation Funds) Bill 2020, that partially implements the measure to allow an increase in the maximum number of

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Super

The ATO service SuperMatch was suspended, but now starting again

SuperMatch had been offered by the ATO as a service to connect APRA-fund trustees with information about super fund accounts, including lost member accounts and any ATO-held money belonging to

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Super

Client’s super fund covers insurance needs? With COVID-19, maybe not (even some SMSFs)

As part of its economic response package to the COVID-19 pandemic, the government implemented a new temporary measure to allow individuals affected by COVID-19 to access up to $10,000 of their

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Super

Are SMSF audits facing a wipe-out by 2021?

The body that oversees and the issues standards that outline the responsibilities of SMSF professionals, the APESB (Accounting Professional & Ethical Standards Board) has recently published

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Super

Sober facts about SG amnesty under COVID realities

The superannuation guarantee amnesty, proposed even before the last federal election, and resurrected after the LNP retained government, finally commenced on 6 March this year. However by then

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Regulator news Super

ASIC re-plans its regulatory work because of COVID

The Australian Securities and Investments Commission (ASIC) had foreshadowed that it will make changes to its regulatory work and priorities to allow it to focus on the impact of COVID-19,

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Super

COVID-19 and SMSF rental relief

SMSF investments in real property will likely be impacted by the COVID-19 rental relief available to tenants. Where relief is granted by SMSF trustees, they will be required to justify and

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Super

The realities of the cash flow boost

JobKeeper: Your questions answered

Lost your tax file number? Here’s what to do

Daily updates: 2-6 November

Client: “Where’s my tax refund?” Explaining timeframes, key terms, and possible reasons for delays

From the Blog

ATO takes aim at ‘you-scratch-my-back’ auditing arrangements

ATO says it will not impose penalties for SMSF asset valuations during COVID-19 due to lack of evidence

SG Amnesty could have boosted retirement savings for even more

Some ATO forms that SMSF trustees may need

SG penalty remissions: How not to trip up, post-amnesty

SMSF regulations to allow six members under new legislation

The ATO service SuperMatch was suspended, but now starting again

Client’s super fund covers insurance needs? With COVID-19, maybe not (even some SMSFs)

Are SMSF audits facing a wipe-out by 2021?

Sober facts about SG amnesty under COVID realities

ASIC re-plans its regulatory work because of COVID

COVID-19 and SMSF rental relief

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