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SMSF

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‘Mammoth consequences’: ATO’s NALI ruling draws ire from accountants The recent ruling on non-arm’s length income (NALI) in super funds by the ATO will have far-reaching consequences for the superannuation sector, according to industry e...
SMSF property fraudster loses appeal A former Queensland property developer has failed to overturn criminal convictions for defrauding almost $350,000 from SMSF investors. Write comment (0 Comments)...
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6-member SMSF registration availability to begin mid-August SMSFs will be able to add a fifth or sixth member to the fund using the Australian Business Registry from mid-August. Write comment (0 Comments) ...
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ATO defines ‘appropriate reviewer’ approach to independence threats The ATO has issued new guidance on the application and use of an appropriate reviewer when assessing independence threats for SMSF audits. Write comment (0 Comme...
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Class launches new SMSF auditor search tool Class has launched a new tool to help accountants connect with independent auditors as new SMSF audit requirements kick in. Write comment (0 Comments) ...
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SMSF firm forks out $7.2m to resolve ASIC court proceedings An SMSF advice firm has entered a conditional agreement with ASIC and will pay $7.2 million to resolve civil penalty proceedings relating to alleged breaches of clients...
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SMSF auditor disqualified for breaching independence standards The corporate regulator has disqualified an SMSF auditor for breaching independence standards by auditing a family member’s fund. Write comment (0 Comments) ...
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ATO issues new SMSF independent auditor report form The ATO has released the new version of the SMSF independent auditor’s report form, with new updates made to include compliance with upcoming auditor independence stand...
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Bring-forward measures and 6-member SMSF bill passes Parliament The measures to extend the bring-forward age up to 67 and the bill to increase the number of members allowed in an SMSF have passed both houses of Parliament. Wri...
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Caddick’s SMSF auditors face potential class action Auditors who were involved in auditing a number of SMSFs managed by self-styled financial adviser Melissa Caddick may find themselves hit by a potential class action. ...
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ATO updates auditor obligations on NALE compliance relief The ATO has updated its auditor obligation guidance on the extension of its transitional compliance approach to non-arm’s length expenditure (NALE). Write co...
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