Super Technical Updates
Trustee Responsibility
November 26, 2018
When a Trustee is not solely responsible, how does it impact Accountants and Auditors? Two recent court cases, Cam & Bear and Ryan Wealth, each considered whether the actions of the SMSF auditor were appropriate in light of the investment activity that each SMSF undertook. Cam & Bear saw the Fund provide money to a…
Do you Really Need $1m to Start a SMSF?
October 7, 2018
Unless you’re a millionaire, is a SMSF worth it for you? There has been a lot of talk in the media recently, driven largely by the uncovering’s of the Royal Commission as well as the Productivity Commission findings, surrounding the appropriateness of Self-Managed Funds. Do you need $1m in super to have an SMSF? If…
Do More Members in a Fund Mean More Opportunities?
June 1, 2018
The Federal Government, on 27 April and again on Budget night, announced a proposed increase to the maximum number of members permitted in an SMSF and small APRA fund from 4 to 6. This proposal will take effect from 1 July 2019, if legislated. This is an exciting development as it provides advisers and clients…