Super Technical Updates 

 

The Federal Budget & ALP Proposals

April 10, 2019

Treasurer, Josh Frydenberg, delivered the Federal Budget on 2 April 2019. Below is our summary of the Federal Budget superannuation essentials as well as the ALP policy proposals. Federal Budget – Superannuation Essentials Work Test Requirement From 1 July 2020, individuals aged 65 and 66 will be able to make voluntary concessional and non-concessional superannuation…

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Removal of Franking Credit Refunds - Driving Fear into the Heart of Trustees

February 14, 2019

In the lead up to the Federal Election one item that has sent a shiver of fear through SMSF Trustees is the proposed removal of franking credit refunds.  This announcement, first made in early 2018 was an early prelude to a campaign measure by Labor in light of this years Federal Election. While this reform is…

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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…

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