SMSF Audit — valuation evidence for unlisted investments
(ATO‑aligned checklist, evidence hierarchy, and audit file tips) Valuation evidence for unlisted investments, challenges, and Audit Requirements for adequate, appropriate audit evidence. 1) Core law SMSF Auditor auditing against 2) ATO’s specific guidance for unlisted shares and units (what counts as evidence) Appropriate audit evidence to support the trustee’s market value for unlisted companies or […]
Australia’s new “payday super” law (often called “superday”)—what’s changing and why it matters
Australia has legislated a major shift to how superannuation must be paid: from 1 July 2026, employers must pay Superannuation Guarantee (SG) on payday rather than quarterly.The Treasury Laws Amendment (Payday Superannuation) Act 2025 is now in force and ties commencement to 1 July 2026, replacing the quarterly framework in the Superannuation Guarantee (Administration) Act […]
SMSF Non‑Arm’s Length Income (NALI) and Non‑Arm’s Length Expenditure (NALE): Law, ATO Guidance and Key Cases
Overview and why it matters Non‑arm’s length income (NALI) and non‑arm’s length expenditure (NALE) are integrity rules that can materially change the tax outcome for a self‑managed superannuation fund (SMSF). Where income or expenditure is found to arise from non‑arm’s length arrangements, the ATO can treat affected income as NALI and tax it at the […]
SMSF Audit: The Trustee’s Complete Guide for 2026
For many SMSF trustees, the annual SMSF audit can feel like a daunting compliance hurdle. The complex ATO regulations, the fear of making a costly…
Self Managed Superannuation Funds
Self Managed Superannuation Funds Collectables SMSF—investment in collectables and personal use assets. The regulations may prescribe rules in relation to the trustees of regulated superannuation funds that are self managed superannuation funds making, holding and realising investments involving: To Read More Click Link Below https://www.ato.gov.au/forms-and-instructions/self-managed-superannuation-fund-annual-return-2017-instructions/section-h-assets-and-liabilities/15b-australian-direct-investments/m-collectables-and-personal-use-assets
Setting up SMSF Investment Strategy
Setting up SMSF Investment Strategy The trustees of an SMSF are required to prepare and implement an investment strategy for the superannuation fund. The strategy must reflect the purpose and circumstances of the fund and take into account: Trustees must make sure all investment decisions are made in accordance with the documented investment strategy of […]
SMSF independent auditor’s report 2011
SMSF independent auditor’s report 2011 The Self-managed superannuation fund independent auditor’s report (NAT 11466, RTF 345KB) are instructions and a form that you should use if you: – are an approved auditor, and – have been appointed by a trustee of self managed superannuation (SMSF) to give a report on the operation of that fund […]
What SMSFs can expect from the 2011-12 compliance program
What SMSFs can expect from the 2011-12 compliance program ATO Commissioner Michael D’Ascenzo launched the ATO’s new SMSF compliance program on 30 June 2011. While ATO continue to work with SMSFs to fix genuine problems, ATO also take firm action, including making funds non-complying, if they commit serious breaches of the rules. This year, ATO […]