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05/05/2008The law that permits a superannuation fund to borrow requires that the property acquired using the borrowed funds be held on a simple trust for the super fund by a separate trustee. Generally it is considered that there should be a trust document evidencing that trust.
05/05/2008By this date super fund trustees, including trustees of Self Managed Superannuation Funds, must have calculated the crystallised segment of all superannuation interests in the Fund.
05/05/2008The crystallised segment is $5,000. The taxable component is $95,000.
21/04/2008If an SMSF wants to make use of the new provisions that allow an SMSF to borrow to acquire an asset, that asset must be held by a trustee on behalf of the SMSF.
21/04/2008If a member has commenced a transition to retirement pension and then subsequently suffers a terminal medical condition, the member will now be able to commute the pension and receive the commutation lump sum tax free.