5+ day, 5+ hour ago   (788+ words) Matthew Burgess, director, View Legal In what has been the pattern with all legislation since the May announcements, the new rules: Subject to the detailed review the dense new provisions mandate, seven headline issues taxpayers and their advisers will need…...

5+ day, 6+ hour ago   (428+ words) The report, released on 8 September, found that there are now 680,301 SMSFs in Australia, with more than 52,000 new entries since June 2025. The June 2026 quarter saw 12,264 new entrants. Total membership of funds increased to more than 1.24 million Australians up from 161,024 in June…...

1+ week, 4+ hour ago   (1039+ words) Fraser Stead and Daniel Butler said the draft legislation released on 3 September represents a significant departure from what was initially outlined in the Federal Budget on 12 May 2026. “The release contained a fact sheet, four pieces of draft legislation and three…...

1+ week, 3+ day ago   (679+ words) Treasury released the draft legislation on Thursday which is intended to apply from 1 July 2028. It follows Treasury’s initial consultation in July and provides further detail on the scope and operation of the new regime, including exclusions for certain trusts, the…...

1+ week, 5+ day ago   (308+ words) The quarterly superannuation update from the Australian Prudential Regulation Authority revealed that total SMSF assets went from $1,068.7 billion in June 2025 to $1,107.2 billion this quarter. The data also revealed that more people are opting to take lump sum payments which rose…...

1+ week, 5+ day ago   (572+ words) “Clients might think their super gets dealt with by the will, and that may be the case, but often what their reality is and what their intentions are don’t align, and that’s when, of course, a lot of disputes can…...

2+ week, 3+ day ago   (682+ words) Townsend said if you have a specific arrangement that you want achieved such as your assets to be held only for your children and not an ex-spouse, or your assets not to be available to a creditor then it is…...

2+ week, 5+ day ago   (505+ words) “One of the common questions we get from people is about whether their superannuation is protected in family law,” Flanderka said. “Many people assume superannuation is this far away thing that we get to in retirement and you can’t touch…...

2+ week, 5+ day ago   (819+ words) It said the amendments are needed to ensure alignment with the Government’s policy to deliver new residential property Testamentary trusts – superannuation death benefits and integrity provisions. In its submission to Treasury on the draft legislation, the SMSFA said tax professionals…...

3+ week, 5+ day ago   (1056+ words) The Association said it broadly supports the range of measures aimed at protecting consumers, including SMSF trustees, preventing further consumer harm and ensuring the sustainability of the CSLR as well as requiring SMSFs to hold uniquely identifiable bank accounts. However,…...