SMSFs and COVID-19: What you need to know

National Conference 2021

The impact of COVID-19 on our economy, finances, businesses and overall wellbeing has been immense. SMSFs are not immune, and in this session Jemma will provide guidance on the COVID-19 stimulus measures, the timing on the length the measures apply, how they practically impact your clients and their funds, and what do to manage this.

At the end of the session, you will be able to:

  • Identify the various SMSF related issues that have arisen due to COVID-19;
  • Understand the stimulus / relief measures available and how to apply them, and;
  • Outline the requirements within the Fund to utilise the relief and ensure ongoing compliance.

The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association