Each income year, a self-managed super fund (SMSF) trustee must appoint an independent approved SMSF auditor to perform a financial and compliance audit of their SMSF's operations before they lodge... read more →
The generally accepted notion is that superannuation is protected on bankruptcy due to s 116(2)(d)(iii) of the Bankruptcy Act 1966 (Cth). However, the Commissioner has recently shown a willingness to... read more →
Applications are regularly made to the ATO, often at a significant cost to taxpayers. The associated professional fees alone can run into the thousands of dollars. Therefore, even if an... read more →
According to Andrew Frith of the Self-Managed Super Specialists, headquartered in Newcastle NSW, it was refreshing to hear the Commissioner of Taxation, Michael D'Ascenzo, in his speech to the SMSF... read more →