Articles
![working out whether general expense NALI is material or not](https://asfaudits.com.au/wp-content/uploads/2023/07/AdobeStock_107247391-1.jpeg)
Is General Expense NALI Material?
The SMSF industry breathed a small sigh of relief after the release of the latest general expense NALI rules. While…
![SMSF market valuations guidance from the ATO](https://asfaudits.com.au/wp-content/uploads/2022/12/AdobeStock_456904463.jpeg)
ATO Softens Market Valuation Guidelines
The ATO has released softened market valuation guidelines providing a new approach for SMSF trustees and auditors. There is a…
![What is an NFT in an SMSF?](https://asfaudits.com.au/wp-content/uploads/2022/08/AdobeStock_480327338.jpeg)
Is an NFT a Collectable and Personal Use Asset?
The ATO has remained silent on whether a non-fungible token (NFT) is a collectable and personal use asset (“collectable”) or…
![Comparable sales is required with SMSF kerbside valuations](https://asfaudits.com.au/wp-content/uploads/2022/06/AdobeStock_119420847.jpeg)
What If There’s No Comparable Sales?
The ATO requirement to include comparable sales in a kerbside valuation for property held in an SMSF result in delays….
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The SMSF Reality of Owning NFTs
As the non-fungible token (“NFT”) craze continues, it is only a matter of time before they start to emerge in…
![related party rent](https://asfaudits.com.au/wp-content/uploads/2021/03/AdobeStock_334243166-scaled-e1615157714878.jpeg)
The Related Party Rent COVID Challenge
Related party rent valuations are fast becoming the next big COVID challenge for SMSF trustees. With property values reaching a…
![uncertain SMSF asset values](https://asfaudits.com.au/wp-content/uploads/2021/03/AdobeStock_328612041-scaled.jpeg)
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,…
![ASIC and Covid-19 letter](https://asfaudits.com.au/wp-content/uploads/2020/04/AdobeStock_327846181_Editorial_Use_Only-1-scaled.jpeg)
APRA & ASIC Release Joint Letter to Super Trustees on COVID-19
APRA and ASIC have issued a joint letter to superannuation trustees on COVID-19. Both regulatory bodies have released their own…
![simple rules for related parties](https://asfaudits.com.au/wp-content/uploads/2019/04/AdobeStock_222054617-scaled.jpeg)
3 Simple Rules for Related Parties
Trying to identify related party transactions in an SMSF can seem like pulling apart a set of Russian dolls: the…
![market value of unlisted asset](https://asfaudits.com.au/wp-content/uploads/2019/02/bigstock-Hand-adjusting-a-button-that-s-114343118.jpg)
What’s the Value of an Unlisted Asset?
One of the inherent problems in trying to obtain market value for fund investments in entities is that they have…