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 […]