There is a fairly big change coming to insurance within retail super and, although it doesn’t impact SMSFs, it could potentially impact SMSF members, particularly those who have retained a retail super fund purely for the benefit of the insurance held within it. This change is known as Treasury Laws Amendment (Protecting Your Superannuation Package) […]
READ MOREBill passes both houses to correct Reversionary TRIS issue
A technical issue which impacts Reversionary Transition to Retirement Income Streams (TRISs) is being corrected with a bill which has now passed both houses of parliament. The bill, Treasury Laws Amendment (2018 Measures No.4) Bill 2018, contained a solution to ensure that TRISs can be paid to a reversionary beneficiary, regardless of whether they have […]
READ MOREATO Ruling To Impact SMSF Borrowing & Super Balances
The ATO has issued a ruling, setting out its approach to proposed changes to superannuation rules affecting limited recourse borrowing arrangements and the calculation of total superannuation balances. Treasury laws Amendment (2018 superannuation Measures No.1) Bill 2018 requires that the outstanding balance of a borrowing made under a limited recourse borrowing arrangement in certain circumstances […]
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