There is still hope that the Division 296 is not a “done deal”, the head of the SMSF Association has said.
SMSF
The SMSFA has issued a warning about “nefarious” cold callers selling SMSFs.
The ATO has issued guidance on what it will focus on regarding auditor compliance for 2025.
The SMSF Association has said there is an urgent need for the government to prioritise legislative amendments to clarify the operation of wholesale investor rules for SMSFs in the wake of recent determinations by AFCA. ...
It’s time the government takes the Division 296 tax “off the table” and listens to industry concerns, the SMSF Association has said.
Generation X and Millennials are driving the establishment of new SMSFs, according to the latest data from Class.
The ATO has outlined concerns about the use of sophisticated arrangements to facilitate the illegal early release of superannuation funds.
The SMSF sector is cautiously optimistic that the Better Targeted Superannuation Concessions bill will lapse when the next federal election is called.
The SMSF Association has called on the government to follow up a review of accountants’ roles in terms of their ability to provide financial advice.
The Administrative Review Tribunal has upheld ASIC's decision to disqualify an SMSF auditor for failing to comply with auditing standards.
The SMSF Association has refuted Treasurer Jim Chalmers’ claims that the government undertook “heaps of consultation” on the $3 million super tax.
Do you think the Division 296 tax will be up again in February? If not, will it become a policy issue for the next election?