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News

SUPERCentral's SMSF bulk update process

28/07/2021

Our patented update process works a little differently, and a key benefit is Trustees only ever sign one set of documents.

6 Member SMSFs

26/07/2021

This change applies from 1 July 2021. The relevant legislation being Treasury Laws Amendment (Self Managed Superannuation Funds) Act No 47 of 2021.

Bring Forward of non-concessional contributions for ages 66 and 67

26/07/2021

This change applies to the 2020/21 and following financial years.

Re-contributing COVID-19 release amounts

26/07/2021

This change applies from 1 July 2021 and will cease to apply on 30 June 2030. The relevant legislation being Schedule 3 to the Treasury Laws Amendment (More Flexible Superannuation) Act 2021 No 45 of 2021.

Best interests now best financial interests

26/07/2021

Previously, trustees of self managed superannuation funds were required to perform their duties and exercise their powers in the best interests of the beneficiaries of the fund. This requirement was imposed by s52B(2)(c) of the Superannuation Industry (Supervision) Act 1993.