4+ day, 7+ hour ago   (454+ words) Hogan said off-the-plan apartment projects depend on SMSF buyers for early presales and without them, developers won’t get finance and the homes will never be built. “Labor has banned self-managed super funds from borrowing to buy residential property, including new…...

4+ day, 7+ hour ago   (365+ words) Richard Webb, CPA Australia Superannuation Lead, said Australia risks focusing too heavily on reducing Age Pension costs rather than ensuring retirees enjoy adequate retirement incomes. Webb said comments from Treasurer Jim Chalmers at the Super Members Council (SMC) Super Summit…...

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…...

6+ day, 5+ hour ago   (647+ words) Shirley Schaefer, Director BDO Audit Pty Ltd, said the long‑standing practice of “auto‑restarting” pensions on 1 July is now a direct audit hazard, placing a sharper burden on auditors to verify conscious recommencement, challenge administrator assumptions and detect funds…...

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   (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…...

2+ week, 6+ day ago   (578+ words) The PBR (1052514604156) dealt with the adult child of the deceased who was the sole member of an SMSF. In support of the ruling application, the beneficiary also provided a number of statements to illustrate the nature of the relationship between…...

3+ week, 9+ hour ago   (371+ words) Neil Rogan, Head of Distribution, Australia and New Zealand at Russell Investments, said clients may be balancing a mortgage, helping children into property, supporting ageing parents and planning their own retirement, often at the same time. “The conversation is shifting…...

3+ week, 5+ day ago   (328+ words) With the ATO recently clarifying its self-assessment guidelines, now is a good time to revisit the rules and the practical steps SMSF accountants should take when a pension shortfall is discovered. In the ATO’s view, if a fund fails to…...

3+ week, 5+ day ago   (588+ words) “This is an area where people come a cropper because it’s based on the deceased person’s balance at the previous 30 June and their age and making sure that minimum pension is received in that year,” Sanderson said. “The transfer balance…...