Category: SMSF Association Media Release

Government change on death benefits gets thumbs up

The Federal Government’s decision to change the law to ensure that death benefits that include life insurance proceeds are not subject to tax when rolled over to a new superannuation […]

Fairer Retirement Summit highlights unfairness and poor design of proposed ALP franking credits refund policy

Labor’s proposal to deny franking credits refunds was labelled grossly “unfair” by the Assistant Treasurer, Stuart Robert, at the Alliance for a Fairer Retirement System Inaugural Summit held in Sydney […]

Labor’s franking credits policy ‘flawed, inequitable’

The Labor Party’s proposal to abolish refundable franking credits is “flawed, inequitable and fails to meet the policy intent of improving the integrity of dividend imputation for all taxpayers”. The […]

Make Limited Recourse Borrowing Arrangements ‘limited recourse’

The SMSF Association is calling for a two-pronged policy change to ensure Limited Recourse Borrowing Arrangements (LRBAs) remain a legitimate retirement savings strategy, especially for small business owners. SMSF Association […]

Clock ticking for SMSFs with quarterly TBC report due soon

Self-managed super funds (SMSFs) on a quarterly Transfer Balance Cap (TBC) reporting schedule must make their first lodgment with the Australian Tax Office (ATO) in three weeks, warns SMSF Association […]

SMSFs to benefit from access to SuperStream system

Draft regulations tabled in Parliament to allow self-managed super funds (SMSFs) to receive digital rollovers through the SuperStream system has been welcomed by the SMSF Association. SMSF Association Acting CEO […]

Franking credits inquiry gets thumbs up

The SMSF Association welcomes the decision by the House of Representatives Standing Committee on Economics to have an inquiry into the implications of removing refundable franking credits. The Labor Party […]

Labor proposal to address gender super imbalance backed

The SMSF Association welcomes the Labor Party’s announcement to take steps to improve women’s superannuation security and address the gender gap imbalance between men and women’s super balances. SMSF Association […]

Decision to keep retirement age at 67 lauded

The Federal Government’s decision to keep the Aged Pension at 67 and not increase it incrementally to reach 70 by 2035 is good policy, says the SMSF Association CEO John […]

Limited cost savings from three-year audits

The shift to three-year audits for some self-managed super funds (SMSFs) would not produce significant costs savings for trustees, said SMSF Association CEO John Maroney. “Our analysis leads us to […]