Treasury has released for consultation an exposure draft of the Your Future, Your Super package with looks at the following key areas: Best Financial Interests Duty Single Default Accounts; and Underperformance The Government’s Your Future, Your Super package – announced in the 2020-21 Budget – is targeting reforms to the superannuation system that intends on…
Treasury has recently released for consultation a range of miscellaneous amendments that include a a significant shift in the reporting obligations for SMSFs. To say this has come from left field would be an understatement. The proposed new measure will insert Regulation 8.02AA that will require the accounts and statements of an SMSF to be…
The Federal Government appears to have made good on their previous election commitment to increase the number of members to a maximum of 6 within a SMSF. We have seen Treasury Laws Amendment (Self Managed Superannuation Funds) Bill 2020 introduced into the House of Representatives and moved swiftly in the Senate where it is more…
The Federal Government has announced revised a revised start date of 1 July 2021, deferring the commencement on two proposed actuarial red tape measures that were announced in last year’s Federal Budget. This revision are a result of the Government’s re-prioritisation of resources and the shortened parliamentary sitting period in 2020 due to the COVID-19…
We have recently updated our existing COVID-19 rental relief documents to now incorporate the mandatory Code of Conduct for commercial tenancies (“the Code”). This order form also includes access to a Google Sheet that helps you to calculate how the various principles in the Code apply in revising terms between the landlord and tenant. You…
