National Conference 2021
This important session aims to give you a practical understanding of how this fundamental superannuation law operates as well as an understanding of the regulator’s views on how it applies in an advice context.
At the end of the session, you will be able to:
- Describe the origins of the sole purpose test;
- Explain how sole purpose questions are assessed in an SMSF context, and;
- Outline the key outcomes from the ASIC/APRA review of the sole purpose test.
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