The Australian Taxation Office (ATO) has recently published their SMSF statistical overview for 2017-18 which provides key insights from the published data about the health and performance of the SMSF sector. There’s always a lot of focus on some of ‘headline’ statistics, which this year was around operating expenses. The ATO has done some excellent…
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As part of the ATO’s response for SMSF trustees dealing with the coronavirus pandemic (COVID-19), it provided relief for funds with a compliant limited recourse borrowing arrangement (LRBA) that had a loan with a related party. This COVID-19 relief essentially allows for a SMSF that was complying with the ‘safe harbour’ for real property in…
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There are many important issues and considerations for SMSFs in the current economic landscape and we were fortunate that CEO, Aaron Dunn was joined by the ATO’s Acting Assistant Commissioner for SMSFs, Steve Keating to discuss what’s ahead for SMSFs in 2020-21. Topics covered In this live event, Aaron explores the following topics…
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The Federal Government has announced an extension to the ability for an individuals who are still financially impacted by the COVID-19 pandemic to have more time to apply for the early release of up to $10,000 of superannuation, with the application period extended from 24 September 2020 to 31 December 2020. The announcement was part…
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Earlier in this year as most Australian’s we were through the first stage of the coronavirus pandemic (COVID-19) we saw the Treasurer, Josh Frydenberg announce temporary regulatory relief in respect of online meetings and the electronic execution of documents for a further six months. You can read more about these announcements in our previous blog…
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