This time of year is always one of reflection; to contemplate where we started, where we wanted to go and whether we actually got there. Ideas at the start of the year always sound good, but what is it that we actually achieved that we can be proud of as we come towards the close…
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Just like in Star Wars IV (actually, it was the first episode in the series made back in 1977), the Coalition Government in winning the Federal election has provided a ‘new hope’ for the SMSF industry. There was genuine concern about just what impact a Labor Government would have had for the sector, given that…
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The Australian Taxation Office (ATO) has formally announced that they will be streamlining transfer balance account reporting (TBAR) for self-managed super funds (SMSFs) from 1 July 2023. This follows consultation with the community, industry, and tax professionals on streamlining the lodgement of transfer balance account event-based reporting for all SMSFs. As a result of the…
DetailsThe introduction of the super reforms have meant that 2017 has been one of the busiest years in recent memory. As we continue with implementation of these measures, this time at the end of the year provides us with an opportunity to reflect, but also start to focus on what is ahead for 2018… Some…
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As an early Christmas present and unexpected result for the Industry, Treasury Laws Amendment (Legacy Retirement Product Commutations and Reserves) Regulations 2024 were registered on the Federal Register of Legislation on 6 December 2024. In a nutshell it allows for the conversion of SMSF legacy pensions – complying lifetime, life expectancy (fixed term) and market…
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