“The ATO has released new guidance providing details on how the ATO determines whether matters concerning SMSF auditors should be referred to ASIC, as the ATO braces for a “top 100” assurance campaign. ” https://t.co/czqv1xtnju
“While the total assets held in limited recourse borrowing arrangements by SMSFs still jumped by 1.6 billion over the 2017-18 year, there has been a significant drop in the growth rate from the previous year, according to ATO statistics.” https://t.co/beAWUN5eLO
“The ASIC has advocated both prohibiting limited recourse borrowing arrangements (LRBAs) and/or mandating a minimum balance for self-managed superannuation funds (SMSFs) as a means of better protecting consumers.” https://t.co/qVKzo3Rmz0
“Regulations to extend the operation of SuperStream to cover SMSF rollovers have now been made and are being heralded as a win for the sector.” https://t.co/04BNjmR9y2
“Imagine the biggest financial contract you’ll enter into. What comes to mind? Your mortgage? Student debt? Think again. For many of us, the heftiest, not to mention the most open-ended, financial commitment we will make is marriage. ” https://t.co/Bpfz2D02Ze
“With banks and financial planners in some ways marred by the findings of the royal commission, now is an ideal time for SMSF accounting firms to bolster advice services, according to a research firm.” https://t.co/vk3nchbaWJ
“A woman who wants to conceive a child using donor sperm has launched a court challenge to existing laws that bar her from accessing IVF without her estranged husband's consent.” https://t.co/TyhwqW8up2