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 ATO released a draft Law Administration Practice Statement on 15 December 2021, PSLA 2021/D3: Superannuation – Commissioner’s discretion where members receive benefits in breach of legislative requirements, on circumstances where the Commissioner can apply discretion in subsection 304-10(4) of the ITAA 1997 where a member receives superannuation benefits in breach of legislative requirements. Where…
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The SMSF Foundations Course built by Smarter SMSF is designed to provide students with fundamental knowledge regarding the operation and management of self-managed super funds. It provides you with a core understanding of the superannuation laws, along with the regulatory requirements that apply to SMSFs, building a foundation for you to successfully undertake your work…
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A relatively unknown statutory provision buried within the operating standards of the superannuation laws is section 55 of the SIS Act. This provision is relatively untested as to its scope and for an unsuspecting client or adviser, involved with the management of a superannuation fund, it has the potential power, shall we say, of a…
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In episode 21 of the feeling smarter weekly video series, Aaron Dunn and Tim Miller from Smarter SMSF delve into the intricacies of transition to retirement income streams (TRIS), shedding light on the technical challenges and planning opportunities that lie within. TRISs are designed to offer flexibility for members approaching retirement, allowing access…
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