Parliament has now retired for the 2018 year. Did they leave any unfinished “superannuation business”?
In the final week of Parliament, there were a number of superannuation related measures still to be...
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My client has been offered shares in his employer’s company as part of an employee share scheme
Under the scheme, the employee is able to take up the entitlement themselves or nominate an...
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If my client receives a lump sum from superannuation, will the lump sum be included in their “income” for Division 293 purposes?
Potentially, but this will depend on why your client is receiving the lump sum, their age, the...
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Quarterly TBAR reporting – does every fund need to lodge? What if I can’t lodge on time?
With the 1 July 2017 introduction of the $1.6m Transfer Balance Cap came a new obligation on...
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Re-think Treatment of Amounts in Excess of Minimum
Prior to 1 July 2017, as a general rule, where an individual was age 60 or over and wanted to draw...
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Three Yearly Audit Proposal
In the May 2018 Federal Budget, the Government proposed that SMSFs with three years of clean audit...
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Event Based Reporting
With the 1 July 2017 introduction of the $1.6m Transfer Balance Cap (or “pension cap” as some...
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Daughter’s rental of residential property connected with SMSF didn’t breach sole purpose test, but that’s not the end of the story!
Last month’s Full Federal Court decision in the Aussiegolfa case [Aussiegolfa Pty Ltd (Trustee) v...
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Eeeek! My client just got an Excess Transfer Balance Determination!
The majority of SMSFs lodged their Transfer Balance Reports to report the 30 June 2017 value of the...
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My client made a $25,000 concessional contribution to his SMSF in June which won’t be allocated to his member account until July.
When will the unallocated amount first count towards his Total Superannuation Balance? ...
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My client’s SMSF has a reserve account and the trustee made an allocation from it on 1 July 2017 to a pension account.
Given such action is now contrary to the ATO’s new position expressed in SMSF Regulator’s Bulletin...
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Adding back LRBA balance to Total Super Balance
In the lead up to 30 June 2017 you may recall the Government announcing that they intended to amend...
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