SMSF trustees must report the market value of fund assets, including property, as at 30 June each year. The ATO requires valuations to be based on objective, supportable data and included in financial ...

The central bank has announced the official cash rate following its September monetary policy meeting.

The SMSF Association says the ATO’s long-awaited rulings on non-arm’s length income (LCR 2021/2) and contributions (TR 2010/1) have provided long-sought clarity on several critical issues.

A transition to retirement income stream (TRIS) may not have the tax advantages that it used to, but there are still several reasons that they remain attractive, an industry specialist has said.

Almost three-quarters of SMSFs operate without a financial adviser, according to the latest Class Annual Benchmark Report, with an industry veteran arguing this advice gap presents a “strategic ...