The ATO have recently announced they will be contacting the trustees of approximately 17,700 SMSFs to discuss their fund’s investment strategy and whether they are actively working towards a diverse strategy. The funds within the ATO’s view are those which are invested in a single asset or asset class or have more than 90 per […]
READ MOREWhat you need to know about Total Super Balances
What are Total Superannuation Balances (TSB) and why does the ATO need to keep track of them? A member’s TSB is the total sum of their balances held within both retirement phase income streams and accumulation accounts across all superannuation funds. As mentioned in our article “Getting Ready for TBAR Reporting”, the Total Superannuation Balance […]
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