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Individual trustees can be personally liable for the administration, but a trustee company can enjoy limited liability.

Perhaps those rules were not necessary, as existing powers can financially penalise SMSF trustees for certain breaches.

The SMSF director was disqualified, although funds were not depleted and there was no dishonesty or intention to defraud.

Transcript & link to video regarding proposed >$3m in super law. If it becomes law, do get advice.

The tax-free status of income from a superannuation pension will extend until a deceased member's benefit is paid.

When you pass away, your superannuation doesn't automatically become part of your estate—it's held in trust and distributed according to specific rules. Without the right nomination in place, the fund trustee, not your will, may decide who receives your super. Understanding binding versus non-binding nominations and ensuring your documentation is valid can make the difference between your wishes being honored or your super going to unintended beneficiaries.

Superannuation is an asset that is considered part of the matrimonial pool available for division after a separation.

Trustees should review their internal procedures to ensure compliance with the disclosure obligations of section 29QB.

There are quite a lot of things for trustees of SMSFs to deal with when a member of the SMSF dies.

This newsletter includes links to recent documents relating to superannuation, funds management & financial services.

Directors need to know how critical it is to lodge and pay the company's employee superannuation obligations—on time.

Various Bills have received Royal Assent & various measures which were announced in the last Federal Budget have now become law.

The Australian Taxation Office has announced the removal of deductibility of non-compliant salary expenses and companies must act urgently before its implementation on 1 July 2019.

Employers only need to make super contributions in respect of earnings for ordinary hours at ordinary rates of pay.

This change could be an incentive for retirees or people approaching retirement to put more money into superannuation.

Transcript and link to video discussing whether SMSFs can make loans.

Transcript & link to video discussing the difference between a super member benefit and a superannuation death benefit.