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…
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There’s been a significant number of individuals who have been impacted by the coronavirus pandemic to such an extent that it is deemed warranted to utilise the Government’s initiative to take an early release payment on compassionate grounds due to the coronavirus. You can read our previous blog post on this topic for more details.…
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With many practitioners working from home (WFH) and virtually no ability to meet with clients in person, the ability to have clients sign a range of fund documents has become difficult. When its comes to the signing of financial statements, the law requires these to be signed before the audit is finalised each income year. …
DetailsUPCOMING WEBINAR Join us for a free webinar to explore implications of this decision with barrister, Bill Orow and lawyer, Chris Hill on Tuesday, 5 May 2020 at 11:00am AEST The case of Marsella -v- Wareham (Marsella) was handed down by the Full Court of the Supreme Court of Victoria on 20 April last.…
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This Monday, 20 April 2020 starts the process for many individuals looking to apply for an early release of super on compassionate grounds due to the coronavirus. This process requires individuals to determine eligibility and self-certifying in the application process – it does not require evidence to accompany the application, but does require the individual…
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