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Division 296 Advocacy Update
On Tuesday I was in Canberra meeting members of the Senate cross bench. It was apparent from those discussions that some cross bench members had been approached by the Government
ATO statistics reveal a resilient SMSF sector
Despite the lingering possibility of the proposed new Division 296 tax being introduced, recently released ATO statistics point toward a resilient and mature SMSF sector – which continues to grow
Clarity for Financial Advisers who cease to be authorised as the end of education transition period nears
With less than 11 months until the transition period to meet the education standards ends for financial advisers, there has been some confusion how the standards may apply if
Joint Submission – TR 2013/5A1 – Addendum Income tax: when a superannuation income stream commences and ceases
SMSF Association Submission | Joint Letter Chartered Accountants Australia and New Zealand, CPA Australia, Institute of Financial Professionals Australia, Institute of Public Accountants, and the SMSF Association (together the ‘Joint
Minimum Pension Underpayments: Compliance win for the sector, but the fight for pragmatic outcomes continues
The SMSF Association, as a key contributor to a joint industry submission, has secured an important compliance win for our industry. In June 2024, an update to TR 2013/5 included
SMSF Association calls for urgent action on CSLR
SMSF Association Media Release The SMSF Association is calling for urgent Government action following the release of fresh data from the operator of the Compensation Scheme of Last Resort (CSLR)
SMSF Association Submission – 2025/26 Pre-Budget Submission
SMSF Association Submission The SMSF Association welcomes the opportunity to put forward our 2025 Pre-Budget submission. We thank the Government and Treasury for the consideration given to our previous pre-budget
Increase in CPI a positive for superannuation strategies
According to the latest data from the Australian Bureau of Statistics (ABS) released yesterday, the Consumer Price Index (CPI) rose 0.2 per cent in the December 2024 quarter and 2.4
SMSF Association to tackle growing issue of elder abuse at National Conference
SMSF Association Media Release Financial abuse, particularly elder abuse will come under the microscope at the SMSF Association’s National Conference being held at the Melbourne Convention and Exhibition Centre from
New Super Tax: A Sucker Punch to Economic Growth
No one begrudges Treasury’s advice that Australia should have a fair and equitable superannuation system. However, continual claims that the proposed new tax on large superannuation balances will only affect
SMSF Association Submission – Draft Rulings LCR 2021/2DC and TR 2010/DC2
SMSF Association Submission SMSF ASSOCIATION SUBMISSION – TR 2010/1DC2: INCOME TAX: SUPERANNUATION CONTRIBUTIONS The SMSF Association welcomes the opportunity to provide a submission on Draft Taxation Ruling TR 2010/1DC2 Income
SMSF Association refutes ‘heaps of consultation’ claim on Division 296
SMSF Association Media Release The SMSF Association refutes claims made this morning by Federal Treasurer Jim Chalmers that the Government’s proposed new tax on superannuation balances exceeding $3m followed extensive