Tag Archives: SMSF Info News

NEWS – Coronavirus Support Package SIMPLIFIED – Early Access to Super

Due to the Coronavirus COVID-19 significant economic consequences, the Australian Government has enacted a response that was passed in Parliament this week, to support individuals, households, businesses and broader community. One aspect is the Early Release of Super under certain … Continue reading

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NEWS – Coronavirus Support Package SIMPLIFIED – Stimulus Package 12 & 22 March 2020

Summary Due to the Coronavirus COVID-19 significant economic consequences, the Australian Government has enacted a response that was passed in Parliament this week, to support individuals, households, businesses and broader community. Here is a comprehensive summary of several ATO Treasury … Continue reading

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NEWS – Retirement reforms do not require major changes – Rice Warner

The current Retirement Income Review in Australia is looking at the system and what improvements may be required, but one actuary firm says the reforms do not require major changes. Darin Tyson-Chan at SMSmagazine reports – Submissions to the Retirement … Continue reading

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NEWS – Increased scrutiny of the regulator – ATO – good for the SMSF sector

The increased scrutiny of SMSFs by the ATO has been positive for the sector and will add to its long-term success, according to SMSF technical specialist Heffron, which also praised the regulator for its work to date. Heffron managing director, … Continue reading

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NEWS – ATO proposes to include SMSFs in Real-Time reporting

As SMSF trustees who run their Self-Managed Super Fund (SMSF) we need to keep up with new developments to stay up to date and be prepared and proactive. With the moves towards integrity and accuracy in the superannuation industry in … Continue reading

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NEWS – The $450 rule of no super to pay affects 400,000 people

If an employee earns less than $450 in a MONTH, there is no obligation to also pay any super for the employee, by the employer. But there can be people who work multiple part-time jobs and will miss out some … Continue reading

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NEWS – New Audit Information required on SMSF Tax Returns

New mandatory audit information will be required for the first time from this year. SMSFs completing their annual return will need to include mandatory auditing information, which up until now was only required in limited circumstances. Hrishikesh Joshi at Self … Continue reading

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