Related Party Property Development Concerns

Related Party Property Development Concerns

In the first article of our four-part series on SMSFs and property development, we focus on related party leases and how to keep them compliant.   The ATO has flagged their concern about an increase in the number of SMSFs entering into related party property...
ASIC Warns SMSF Trustees at Risk in Volatile Markets

ASIC Warns SMSF Trustees at Risk in Volatile Markets

ASIC has provided an early warning for SMSF trustees at risk due to increased trading activity in derivative investments and contracts for difference (CFDs) in the current volatile markets. ASIC has undertaken an analysis of security markets during the COVID-19...
Cyber Scams Target Unsuspecting SMSF Trustees

Cyber Scams Target Unsuspecting SMSF Trustees

The early access to Superannuation programme assists SMSF trustees in need of financial assistance due to the impact of COVID-19. But the stark reality is that an alarming increase in the number of COVID-19 cyber scams may target unsuspecting SMSF trustees during this...
Here’s How SMSF Auditors Will Deal With Rent Relief

Here’s How SMSF Auditors Will Deal With Rent Relief

The ramifications of COVID-19 will affect SMSFs for many years. One of the financial impacts is that an SMSF may provide rent relief to tenants or apply for loan repayment relief. The ATO has published a new guideline which explains how SMSF auditors will deal with...
Uncertain SMSF Asset Values Under COVID-19

Uncertain SMSF Asset Values Under COVID-19

One of the biggest sleepers from the impact of COVID-19 is uncertain SMSF asset values. For the first very time, we may see SMSF trustees with unblemished records facing compliance action through no fault of their own. Regulation 8.02B of the SIS Regulations requires...