Articles
From MFA to the Sock Drawer: Security in SMSFs
Security in SMSFs comes in all shapes and sizes. Tech-savvy SMSF trustees will have multi-factor authentication (“MFA”) enabled for all…
ATO Targets SMSF Auditor Independence
The ATO is targeting SMSF auditors who continue to defy the independence rules. As part of its risk assessment program,…
The True Impact of Incorrect Market Valuations (Part 2)
Compliance Breaches Acquisition of Assets from Related Party Some exceptions allowed under s66 enable an SMSF to acquire assets from…
The True Impact of Incorrect Market Valuations (Part 1)
Is near enough good enough when valuing SMSF assets at market value? Not according to r8.02B SISR, which requires SMSF…
Does A Declaration of Trust Satisfy r4.09A?
While separation of assets remains one of the most reported contraventions by SMSF auditors, the question is: does a declaration…
Managing SMSF Expenses to Avoid NALI
Managing SMSF expenses with diligence and care is the first step to avoiding general expense NALI. While NALI is a…
Absence of a Related Lease on In-house Assets
Does the absence of a related party lease arrangement impact an SMSF’s in-house assets ratio? While many accept that business…
Caddick Case Reinforces Professional Standards
In a class action that will most likely never go to trial, the Caddick Case reinforces the importance of professional…
The Key to Owning SMSF Assets (Part 2)
In the last part of our series on title to assets, we discuss how trustees are appointed, what happens if…
The Key to Owning SMSF Assets (Part 1)
While it might appear straightforward, attention to detail is the key to owning SMSF assets. And with r4.09A SISR now…