By Greg Dennis CPA, Director When an adviser refers SMSF clients to an administrator, the administrator’s work becomes part of the adviser’s service whether anyone intends it or not. Late financials delay advice. Wrong member balances produce wrong recommendations. A compliance breach that should have been caught lands on the adviser’s desk as a client […]
SMSF News & Compliance Insights
By Millinda Cobban, Associate Director Most conversations about technology in the SMSF sector jump straight to artificial intelligence. That skips over the bigger story. The changes that matter most to trustees and advisers right now are less glamorous: bank and broker data feeds, administration that happens during the year instead of after it, electronic rollovers […]
EOFY SMSF Checklist for Trustees: What To Review Before 30 June As 30 June approaches, many self-managed super fund (SMSF) trustees begin thinking about contributions, pensions and year-end paperwork. But an effective EOFY SMSF checklist involves more than simply ticking boxes before the financial year closes. The end of financial year is one of the […]
Why Your SMSF Manager’s Credentials Actually Matter. Choosing someone to support your self-managed super fund is one of the more significant financial decisions you’ll make. The rules are complex, the stakes are high, and getting things wrong can be costly in ways that take years to unwind. So when we talk about qualifications, we’re not […]
The relationship between an adviser and their SMSF administrator often matters most when funds become more complex. An SMSF administrator for financial advisers can play an important role in supporting smoother administration, stronger communication and better client outcomes, particularly where property, pensions or related entities are involved. In many cases, the relationship between adviser and […]
Related party transactions remain one of the most misunderstood areas of SMSF compliance. Many trustees are aware there are restrictions surrounding transactions involving family members, related entities or businesses connected to the fund. However, there is often confusion around where the line is drawn between what is permitted and what is prohibited. In reality, the […]
The SMSF sector has continued to grow steadily over recent years, despite increasing regulation, growing administrative obligations and ongoing scrutiny from regulators. For many Australians, the appeal of an SMSF is no longer simply about gaining access to different investment options. Trustees are increasingly looking for greater visibility over their retirement savings, more flexibility in […]
What Happens When an SMSF Member Dies? Death is not something most trustees like to think about when establishing or managing an SMSF. In practice, however, it is one of the most important areas trustees should prepare for properly. When an SMSF member dies, the fund does not simply “pass automatically” to family members. The […]
Why SMSF Asset Valuation Requirements Matter More Than Trustees Expect Asset valuations are often treated as a routine compliance task, but SMSF asset valuation requirements are one of the most underestimated risk areas in a fund. They sit quietly in the background yet influence almost every aspect of how a fund operates. Valuations determine member […]
Why SMSF Pension Mistakes Matter Pension phase is where an SMSF begins to deliver its real value. It is also where mistakes tend to have the greatest impact. Unlike accumulation phase, issues at this stage can affect the fund’s tax position, the validity of the pension and the accuracy of member balances. What makes this […]