SMSF Association Submission
The SMSF Association welcomes the opportunity to put forward our 2024-2025 Pre-Budget submission.
We thank the Government and Treasury for the consideration given to our pre-budget submissions and the opportunity to engage on various matters.
Our submission seeks to highlight and address several key issues impacting on the SMSF and broader superannuation sectors. Simplification, review, and the modernisation of the sector are the overarching themes of our submission.
The deductibility of advice fees for members of SMSFs and reform of the notice of intent to claim a tax deduction rules are important inclusions in this year’s submission. We continue to advocate for reforms across a range of issues including the non-arm’s length expenditure rules and the removal of ambiguity on the operation of the design and distribution rules for SMSFs.