ASF Articles

Why Cryptocurrency is SMSF Kryptonite

As SMSF trustees start to chase higher returns in a low-interest rate economy, interest in investing in cryptocurrencies (such as Bitcoin “BTC”) is on the rise. But with the BTC bubble hotly anticipated to burst, is cryptocurrency just SMSF kryptonite in disguise? As...

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The Pitfalls of Property Valuations – Part 3

Unless an SMSF has invested in property through a limited recourse borrowing arrangement (LRBA), the fund is prohibited from borrowing under s67 SIS. The most common way to verify a borrowing is to review the results of a property title search and see whether there...

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How to Avoid an SMSF Trust Deed Disaster

It's easy to underestimate the importance of an SMSF trust deed due the lengthy, legal and technical nature in which it is written. As a result, it can often be overlooked by SMSF advisers and auditors. But the super reforms have reinforced, yet again, that the trust...

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Navigating SMSF Market Valuations

Written by Shelley Banton, Executive General Manager, Technical Services, ASF Audits   The current market valuation of all SMSF assets, especially property and unlisted companies, has a significant impact on a member’s $1.6 million transfer balance cap and $1.6...

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Why Technology Won’t Replace SMSF Auditors

Written by Shelley Banton, Executive General Manager, Technical Services, ASF Audits   Many SMSF trustees and advisers could be forgiven for thinking that recent developments in technology mean that SMSF auditors no longer add any value to the audit process....

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Working with ASF Audits – a client’s perspective

Written by Sarah Penn February 2013 was the turning point for Perk's SMSF business when Kim Bigg (Perks Director in charge of SMSF) discovered ASF Audits at the 2013 SMSFA conference. Perks, founded in 1982 by Harry and Greg Perks, had grown into 130 people business,...

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