The Victorian Government has recently announced that eligible businesses will be able to benefit from rent relief if they have experienced a loss in turnover of more than 30% during the pandemic, with the introduction of the Commercial Tenant Relief Scheme Act 2021 (“the Act”). It is currently understood that the Act will align with…
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The past couple of years has seen an increased focus on investment strategies within SMSFs. This focus, whilst initially targeted to a particular segment of the market with LRBAs and heavy asset concentration, has broadened significantly as to the expectations of the Commissioner. Just by looking at the data from our Smarter SMSF platform, we…
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Aaron Dunn helps attendees to understand many of the important aspects in a fund’s trust deed. Not all SMSF deeds are the same, therefore it is important that as a practitioner you can identify potential issues to ensure compliance with the superannuation and tax laws in addition to helping manage client risks. In this webinar,…
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It wasn’t necessarily the outcome that the SMSF industry strategy was hoping for, but we have seen the Australian Taxation Office (ATO) finalize its public guidance, LCR 2021/2, on the application of the NALI provisions where expenditure is incurred under a non-arm’s length arrangement. It has arguably been one of the most consulted public rulings…
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As parts of Australia work through further periods of lockdown, the Australian Banking Association (ABA) has once again provided an update as to how banks will continue to support customers in NSW and Victoria with loan deferral support. Throughout the COVID-19 emergency period in 2020, the ABA provided loan repayment relief, whereby borrowers were provided…
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