Be on the lookout for Division 293 tax notices

When determining an individual’s liability to Division 293 tax, the ATO uses information obtained from the individual’s personal income tax return, as well as information reported to the ATO by […]

Super specialists to level up at annual National Conference

SMSF Association Media Release With all the conversations taking place around proposed changes to tax structures and the advancements in practice strategies, the SMSF sector is energised. It’s this bristling […]

Joint – CAANZ CPA IPA SMSFA – Senate Standing Committees on Economics_Treasury Laws Amendment Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2023, Schedule 7: Non-arm’s length expense of superannuation funds

SMSF Association Submission Chartered Accountants Australia and New Zealand, CPA Australia, Institute of Public Accountants, SMSF Association and The Tax Institute (together, the Joint Bodies) welcome the opportunity to provide […]

SMSFA – Senate Standing Committees on Economics_Treasury Laws Amendment Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2023, Schedule 7: Non-arm’s length expense of superannuation funds

SMSF Association Submission The SMSF Association welcomes the opportunity to provide this submission in response to Treasury Laws Amendment (Measures for Consultation) Bill 2023, Schedule 7: Non-arm’s length expense of […]

Disposing of in-house assets when the 5% limit is exceeded

Following the publication of a recent media article, we have received numerous member enquiries in relation to the proper treatment of in-house assets. Specifically, what must occur when a fund […]

$3 million cap advocacy update – Join our Roundtable Sessions

Last week, Association Chair, Scott Hay-Bartlem, and I travelled to Canberra to meet with politicians and Treasury officials. The topic of discussion was the proposed new tax on super balances […]

Draft super tax legislation riddled with unintended consequences

SMSF Association Media Release Small business owners and farmers with their land or business premises owned by their SMSF are the big losers in the draft legislation on the Better […]

SMSF Association Submission – Better Targeted Superannuation Concessions – Exposure Draft

SMSF Association Submission The SMSF Association welcomes the opportunity to provide this submission in response to the Government’s exposure draft legislation on the Better Targeted Superannuation Concession. We would like […]

University of Adelaide report finds super tax will have broader consequences

SMSF Association Media Release The Federal Government’s proposed new tax on superannuation balances exceeding $3 million could have a negative impact on up to 50,000 SMSF members, with the mean […]

SMSF Association Submission – Response to PwC Exposure Drafts

SMSF Association Submission The SMSF Association welcomes the opportunity to provide this submission in response to the Government’s exposure draft legislation consultations for the suite of “Response to PwC” reforms: […]