Regulation Round-up: Quarter I, 2017

18-May-2017

Super changes passed as legislation Treasury Laws Amendment (Fair and Sustainable Superannuation) Bill 2016,Superannuation (Excess Transfer Balance Tax) Imposition Bill 2016 and Superannuation (Excess Transfer.. Read More

Regulation Round-up: Quarter I, 2017

18-May-2017

Super changes passed as legislation Treasury Laws Amendment (Fair and Sustainable Superannuation) Bill 2016,Superannuation (Excess Transfer Balance Tax) Imposition Bill 2016 and Superannuation (Excess Transfer.. Read More

Regulation Round-up: Quarter I, 2017

03-Feb-2017

Three tranches of superannuation reforms The federal government has released exposure draft legislation in three tranches to introduce the 2016 budget proposals for the reform of superannuation. These drafts have be.. Read More

Regulation Round-up – Quarter III, 2016

01-Nov-2016

Diverting personal services income Taxpayer Alert (TA) 2016/6 Strategies that divert personal services income into an SMSF are being examined by the ATO, with a warning issued under TA 2016/6. Examples incl.. Read More

Regulation Round-up – Quarter II, 2016

28-Jun-2016

Safe harbour guidelines for LRBAs PCG 2016/5 Limited recourse borrowing arrangements (LRBA) need to be set up on commercial terms to avoid an assessment (and tax penalties) as non-arm’s-length income. The.. Read More

Regulation Round-up – Quarter I, 2016

27-Apr-2016

Debate on taxation of TRIS payments ATO private binding ruling Income payments from superannuation pensions are taxable if paid to a recipient under age 60 (or paid from an unfunded scheme). This is regardless of whe.. Read More

Regulation Round-up: Quarter IV, 2015

14-Jan-2016

New ATO form for contribution reserving ATO form NAT 74851 If contributions are made in June, the SMSF trustee has the ability to leave these amounts in a contributions reserve so assessment is made against the.. Read More

Regulation Round-up: Quarter III, 2015

16-Oct-2015

Buy/sell insurance may breach sole purpose ATO Interpretative Decision (ID) 2015/10 Purchasing insurance inside an SMSF to fund buy/sell arrangements may breach the sole purpose test. This has long been a contentio.. Read More

Regulation Round-up: Quarter II, 2015

02-Jul-2015

Death benefits more than a journal entry ATO ID 2015/2 and ATO ID 2015/3 When paying death benefits from an SMSF, the ATO has made it clear a physical transaction is required. In two recent interpretative decisions.. Read More

Regulation Round-up: Quarter I, 2015

03-Feb-2015

ATO ID 2014/39 and ATO ID 2014/40 Trustees of SMSFs should take care when entering into limited recourse borrowing arrangements (LRBA) involving a related party as the lender. In two recent interpretative decisio.. Read More

Regulation Round-up – Quarter IV, 2014

03-Dec-2014

Loans to a property trust ATO Interpretative Decision ID 2014/23 Loans to related parties are captured under in-house asset rules. This limits the value of these loans to less than 5 per cent of the fund’s bala.. Read More

Video: Estate planning new rules

Graeme Colley talks estate planning rules...View more

Video: SMSF Report round-up

Delving deeper into the CommBank SMSF Report findings..View more