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 Reserve Bank of Australia has announced a hold in the official cash rate, leaving it at 3.6 ...

A transition to retirement income stream (TRIS) may not have the tax advantages that it used to, but there are still several ...

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

Almost three-quarters of SMSFs operate without a financial adviser, according to the latest Class Annual Benchmark Report, ...

Legal advisers need to take caution if they are moving assets from parents to children if the former are still alive, a legal ...

The revised LCR 2021/2 will give accountants working in the SMSF sector more ”confidence”, a legal specialist says.

One of Australia’s peak superannuation bodies said the country’s retirement system needs a “rethink” to make it simpler for ...

Special Disability Trusts (SDTs) can be an important estate planning tool for families seeking to provide financial security ...

Australians are retiring later due to cost-of-living pressures and the evolution of white-collar employment, according to ...

ASIC claims private credit may present a “systemic risk” for SMSFs and sophisticated investors in an economic downturn.

Allowing couples to split their superannuation during their marriage has a number of positive aspects, a leading SMSF ...