Articles
Why PS LA 2020/3 Covers All SIS Breaches
Is there a glaring omission in the new Practice Statement Law Administration 2020/3 (PSLA)? It would appear at first glance that…
SMSF Auditors Challenged by New Penalty Regime
SMSF auditors have been handed a small, but significant, shift in their responsibility as SMSF gatekeepers by the release of…
The Limitations Of Routine or Mechanical Accountants
The new rules for SMSF auditor independence are clear about the choice facing SMSF firms undertaking both the audit and…
The Derivatives Lure Catching SMSFs
As official interest rates hover at an all-time low of 0.25%, the derivatives lure catching SMSFs stems from their inability…
Does a Joint Venture Pass the Sole Purpose Test?
In the last part of our feature series on property development, we discuss related party joint ventures and the difficulty…
The Property Development Path Leading to NALI
Part 3 of our series in property development looks at the tax implications of not undertaking transactions on commercial terms….
How a Routine or Mechanical Service Impacts Independence
There has been much discussion surrounding the updated Independence Guide, published by the APESB and Professional Accounting Bodies, concerning how…
Clearing the Murky Waters of SMSF Auditor Independence
The murky waters of SMSF auditor independence just got a whole lot clearer. The Accounting Professional & Ethical Standards Board…
LRBA Property Development Catch-22
In this second article of our four-part series, we look at the compliance issues surrounding property development and LRBAs. One…
Related Party Property Development Concerns
In this first article of our four-part series on SMSFs and property development, we focus on related party leases and…