Latest news articles
When you should close your SMSF
First published in the Financial Review on 05 March 2020. The five ‘trigger’ situations include insufficient funds, declining mental or physical capacity, death, lack of time to oversee a fund
SMSF trustees need simpler, cheaper regulation
First published in the Financial Review on 01 February 2020. Looking for straightforward advice and getting tied up in paperwork or high fees? Why it’s time for change There is
LRBAs valuable asset for SMSFs in accumulation phase
First published in the Financial Review on 15 January 2020. Self-managed super funds (SMSFs) have always attracted their share of critics; lack of investment acumen and excessive costs are just
SMSF alert on potential to lose tax breaks
First published in the Financial Review on 04 January 2020. DIY super fund trustees need to be aware of new legislation relating to a fund’s expenditure and income. Some self-managed superannuation
Latest media releases
SMSF Association appoints Peter Burgess to Exec Role
The SMSF Association is pleased to announce it has appointed Peter Burgess as Deputy CEO and Director of Policy and Education, effective from 1 June 2020. Burgess worked at the
SMSF 2018-19 annual returns deferred to 30 June
The Australian Tax Office’s announcement today allowing an automatic deferral of SMSF lodgments to 30 June is further evidence of its flexible approach to issues during the COVID-19 (coronavirus) crisis
Early access to super COVID-19 measure: Joint bodies ensure Australians can easily access professional advice
(Joint Media Release with CPA Australia, Chartered Accountants Australia and New Zealand (CA ANZ), Financial Planning Association (FPA) and Institute of Public Accountants (IPA)) Five major Australian professional bodies –
Salary relief throws lifeline to small businesses
The Federal Government’s $130 billion JobKeeper payment announced yesterday, when coupled with earlier measures in response to the economic fallout from COVID-19 (coronavirus), will provide vital support to small business
Latest submissions
SMSF Association Budget Submission 2020-2021
SMSF Association Submission The SMSF Association welcomes the opportunity to make a pre-budget submission for the 2020-21 Federal Budget. As leaders of the SMSF sector, we believe we are able
SMSF Association submission on Non-Arm’s Length Income (NALI) and Expenditure (NALE) – LCR 2019/D3 and PCG 2019/D6
SMSF Association Submission The SMSF Association welcomes the opportunity to provide a submission on LCR 2019/D3. We are generally supportive of the Australian Taxation Office’s (ATO) efforts to provide some
FASEA releases Code of Ethics Guidance – Invitation for feedback
SMSF Association invitation for feedback Last Friday, FASEA released their Code of Ethics Guidance. This document aims to assist stakeholders in understanding, interpreting and applying the Code. Compliance with the Code
Update on code monitoring for financial advisers
Page updated on 21 October 2019 Despite satisfying ASIC’s requirements and receiving in-principle approval, the Associations that were working to establish a code monitoring body have withdrawn the application for
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