Where to from here? Legislation in limbo at the end of 2018

With Parliament now having risen for the Christmas/New Year break, there remains a whole raft of Bills that are yet to pass both houses that play a significant role across superannuation and SMSF reforms. The table below outlines a range of announcements and measures that remain unresolved at the end of 2018.   Matter Status…

SMSFs to provide an accumulation phase value in certain circumstances

The ATO has provided further information on the reporting in certain circumstances of a member’s Accumulation Phase Value within the Transfer Balance Account Report (TBAR). SMSFs will need to provide an accumulation phase value (APV) on a transfer balance account report (TBAR) for 30 June 2017 in certain circumstances. APV is a component of a…