Temporary relief provides pathway for electronic signing of SMSF deeds

As part of the Federal Government’s continued response around matters impacted by COVID-19, we have seen the Federal Treasurer, Josh Frydenberg make a temporary amendment for six months to the requirements set out in section 127(1) of the Corporations Act to provide clarity that the execution of company documents can be in electronic form and…

Details

Temporary electronic execution measures have hit a roadblock

In mid-February 2021, we saw the Treasurer, Josh Frydenberg announce an extension to the temporary relief measure relating to virtual AGMs and the signing & sending electronic documents. This Determination authorised by statute, currently provided relief until 21 March 2021 – the extension intended to grant relief through to 15 September 2021, providing the Government…

Details

Superstream for rollovers

The introduction of SuperStream measures from 1 October 2021 for the rollovers to and from SMSFs aims to create a faster and more efficient was to process rollovers with fewer errors.  It brings the SMSF sector into line with the rest of the super industry where SuperStream is used for digital transactions.  Whilst many SMSFs…

Details