SPR 2020/D1 determination under paragraph 71(1) (f) for the consultation. ATO has issued SPR 2020/D1 determination under paragraph 71(1) (f) for the consultation. I have been in discussions with the ATO for some time now and very glad to see this determination now open for comments This determination is the Superannuation Industry (Supervision) In-house Asset […]

Report SMSF contraventions even if an audit engagement is terminated If an approved self-managed super fund (SMSF) auditor forms the view that a contravention of the Superannuation Industry (Supervision) Act 1993 (SISA) and/or the accompanying regulations has occurred, may be occurring or may occur, during the course of conducting an audit, section 129 of the […]

Non-arm’s length income ow non-arm’s length income is taxed at the highest marginal rate. On this page Income tax purposes For income tax purposes, self-managed super funds (SMSFs) and parties to any scheme should deal with each other on an arm’s-length basis to avoid any application of the non-arm’s length income (NALI) provisions. There may […]