Articles
What Happens Once an LRBA is Paid Out?
While paying out a limited recourse borrowing arrangement (LRBA) can free up cash and finally bring in some additional income…
The Impact of Part A Qualifications
Before it became an ATO reporting requirement in the 2019 annual return, Part A qualifications were primarily ignored within the…
The New Era of SMSF Penalties
We’ve entered a new era of SMSF administrative penalties where trustees are facing the consequences of any illegal activity in…
How to Pass the Sole Purpose Test
Making sure an SMSF passes the sole purpose test (“SPT”) is one of the cornerstones of operating a compliant SMSF….
New Rules Turn NALI Into Gnarly
The government has recently passed legislation to reduce the ambiguity surrounding the effect of non-arms length expenditure (NALE) on SMSFs. Where a fund incurs less (or nil) expenditure by participating in a…
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…
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…
Potential Problems with Pension Payments
There’s no doubt the new rules and regulations associated with Super Reform are confusing. We are now seeing new issues…
Putting the SMSF Brakes on Three-Yearly Audit Cycles
We’ve heard many reasons why the three-yearly audit cycle won’t reduce red tape or SMSF audit fees and how it…
5 Reasons Why a Data Feed Isn’t an SMSF Audit
There is a perception in the SMSF industry that once a data feed is in place, there is nothing left…