Update to investment strategy for heavy asset concentration risk

Investment strategies continue to remain a key focus area for the SMSF industry, in particular following the ATO’s updated guidance earlier in 2020. We’ve had a growing number of requests from our members and PAYG users of the Smarter SMSF platform about the requests from auditors to provide further evidence of the diversification requirement where…

ATO zeroing in on false early release of super claims

The ability for people impacted by COVID-19 to gain early access to super has seen nearly two million applications made to super funds for payment under the compassionate ground due to coronavirus, representing approximately 1 in every 6 Australians in the workforce. Source: https://www.apra.gov.au/covid-19-early-release-scheme-issue-7  We’ve seen over this pandemic period, concerns with identity theft on…