There was a point in time earlier this year due to the coronavirus pandemic, that the proposed changes from 1 July 2020 to increase the age limit to make contributions would not take effect as intended. However, we have now seen Superannuation Legislation Amendment (2020 Measures No. 1) Regulations 2020 registered, in which makes amendments…
Details
We understand that many people are struggling through the impact of the Government’s economic response to the coronavirus pandemic (COVID-19). It may be that they require dipping into their super fund to access an early release amount on compassionate grounds due to COVID-19, have been impacted by an inability of a tenant (related party or…
Details
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
We have recently updated our existing COVID-19 rental relief documents to now incorporate the mandatory Code of Conduct for commercial tenancies (“the Code”). This order form also includes access to a Google Sheet that helps you to calculate how the various principles in the Code apply in revising terms between the landlord and tenant. You…
Details
We have seen swift action by the Australian Taxation Office (ATO) to support the SMSF industry across a range of areas that have been impacted by the coronavirus pandemic. Through a rational and reasoned process, the Commissioner in many circumstances won’t apply compliance resources to potential compliance breaches in areas such as rental relief being…
Details