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News
New Tax File Numbers for some SMSFs
04/11/2008
Apparently, a courier engaged by the ATO has misplaced a CD containing the details and Tax File Numbers of approximately 3,000 Self Managed Superannuation Funds.Government Review of SMSFs
04/11/2008
According to Super Minister Senator Sherry, the review into SMSFs has now been concluded and the Government is examining the conclusions and policy proposals arising from the review.Recent SCT Cases - Suggest wider concept of financial dependency
04/11/2008
Two recent decisions of the Superannuation Complaints Tribunal (SCT) suggest that the concept of financial dependency is wider than previously thought.SMSF Governance Review
03/10/2008
This review was launched by Senator Sherry on 14 February 2008. As this review seems to be purely an administrative review there have been no terms of reference issued and the personnel of the review have not been formally identified. Equally, no time limit for completion of the review has been released (to our knowledge).Be Relaxed and Comfortable!
03/10/2008
It seems that the earliest start date for any major reforms arising from the “Roots & Branch†– aka the Henry Tax Review - review of the taxation, savings and transfers system will be 1 July 2010.