Articles
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…
Navigating Disqualified SMSF Trustees
Navigating disqualified SMSF trustees can be challenging because there are many moving parts to deal with. As the number of…
Dealing with ATO Rectification Directions
Receiving an ATO rectification direction for a compliance breach may seem like winning at the casino, especially when the alternative…
ATO Updates Market Valuation Guidelines
The ATO has released updated market valuation guidelines providing a new approach for SMSF trustees and auditors. There is a…
The Compliance Impact of SuperStream
While the teething problems continue, the compliance impact of SuperStream depends on whether the SMSF is the transferring or receiving…
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….
Sailing the Rough Waters of SuperStream
Many SMSF professionals are finding out just how difficult it is to sail the rough waters of SuperStream. Unfortunately, the…
Navigating Control in Related Party Entities
An essential rule in navigating related party entities is that the SMSF and related parties determine how an entity is…
Getting NALI – Part 2
In the last part of our series on NALI, we discuss SMSF Trustee capacity and how to apply the new…
Getting NALI – Part 1
It’s safe to say that the SMSF industry was never going to sanction LCR 2021/2 (“the LCR”) in any form. …