In a recent Australian Taxation Office (ATO) SMSF New Measures Consultation Forum (held on 28 March 2017), the ATO indicated that ‘events’ based reporting will be required for the following transfer balance cap events: When a SMSF complies with a commutation issued by the Commissioner; When there is a full commutation of a member SMSF…
DetailsIn this month’s update: Latest news including Commissioner’s release of Law Companion Guidelines regarding the operation of the superannuation measures (0:00 – 4:00); New features with Campus platform including new SMSF documents page, Class super integration, improvements to Simple Fund 360 integration and single-sign on (SSO) access to the SMSFY17 course via the membership area…
DetailsWe are pleased to advise of the upcoming launch next week of our partial commutation documents within Campus. This new document will allow for members to be able to generate a partial commutation of an existing account based pension (ABP) in accordance with the Commissioner’s guidance within taxation ruling, TR 2013/5 and specifically SMSFD 2013/2.…
DetailsAs the vote counting continues, we now know that the Coalition will lead a very small majority Government. The next challenge facing the Prime Minister is the intense lobbying that is expected around the superannuation measures announced on budget night. It is these changes that many believe were the reason behind the result on election day,…
DetailsNow beyond the halfway mark of the election campaign, the proposed super reforms continue to raise more questions than answers with a range of unintended consequences starting to appear. In particular, the introduction of the lifetime non-concessional contribution cap of $500,000 is causing genuine concern. This month’s Changing Face of SMSF webinar will take an…
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