ArticleProposed superannuation pension tax scrappedThe Treasurer announced the decision to scrap the tax on earnings on super assets supporting retirement income streams.AustraliaGovernment, Public SectorCooper Grace Ward
ArticleATO and SMSF contraventions – a new approach!The ATO has confirmed it will be taking a new approach when an Auditor Contravention Report (ACR) is lodged for an SMSF.AustraliaTaxCooper Grace Ward
Article2016 superannuation Budget changes, changed!Treasurer Scott Morrison recently announced changes to a number of 2016 Budget superannuation contribution measures.AustraliaEmployment and HRCooper Grace Ward
ArticleThe Australian Government has announced an amnesty on the superannuation guarantee (SG)Employers should take advantage of this amnesty to review superannuation practices for compliance with SG legislation.AustraliaEmployment and HRNorton Rose Fulbright Australia
ArticleThese super funds are a-changin’This case reinforces the rights of trustees to change the terms and the minimum return rates of a superannuation fund.AustraliaEmployment and HRRockwell Olivier
ArticleUpdate on voluntary disclosure of unpaid superannuation guarantee liabilitiesIt may be beneficial for employers that are considering voluntary disclosure of SGC liabilities to hold off until Bill is passed.AustraliaEmployment and HRColin Biggers & Paisley
Article2016 Budget changes to super – have you considered the estate planning consequence?Anyone with super funds should review their estate plan now to ensure that it is not adversely impacted by the new rules.AustraliaFamily and MatrimonialCooper Grace Ward
ArticleStatutory shake-up: De-facto superannuation splitting in Western AustraliaWA de-facto couples will soon be able to split their superannuation interests in Family Court financial proceedings.AustraliaFamily and MatrimonialHHG Legal Group
ArticleASIC Doubles Down On Civil Penalty Proceedings Against Industry Superannuation FundsREST and Statewide Superannuation become the first industry superannuation funds to be caught in the crosshairs of ASIC's "why not litigate" approach to enforcement.AustraliaFinance and BankingJones Day
ArticleInstalment Warrant Trust – Limited Recourse LoanThe Superannuation Industry (Supervision) Act allows a superannuation fund to borrow to purchase an asset on trust (instalment warrant trust) provided section 67(4A) is complied with.AustraliaFinance and BankingCooper Grace Ward
ArticlePart I: I’m an accountant and the limited licence regime is approaching. What licence do I need?It appears that the transition to licensing for Australian accountants and financial advisers is a four-stage process. AustraliaFinance and BankingHolley Nethercote
ArticleSuperannuation and related party loans: take action now, or the ATO willSMSFs can rectify existing interest-free, low rate or uncommercial loans from related parties before 30 June 2016.AustraliaFinance and BankingCooper Grace Ward
ArticleUrgent action required - safe harbour rules for SMSFs borrowing from related parties (LRBAs)To comply with the PCG 2016/5 safe harbour guidelines, ensure that the related party loans are on arm's length terms.AustraliaFinance and BankingCooper Grace Ward
ArticleSMSFs and COVID-19 rent relief to a related party – ATO formalises its positionWithout this determination, the rent deferred could be an in-house asset of the SMSF, and result in compliance issues.AustraliaTaxCooper Grace Ward
ArticleCan self-managed superannuation funds engage in property development?Certain obligations under the SIS Act and SIS Regulations can be breached by activities involved in property development.AustraliaFinance and BankingHunt & Hunt
ArticleOur top five tips to ensure your affairs are in orderCOVID-19 has brought into focus the uncertainty that exists in our world, so we should ensure our affairs are in order.AustraliaFamily and MatrimonialMellor Olsson
ArticleInside Track: Superannuation, Funds Management & Financial Services - In the mediaThis newsletter links to recent media releases relating to superannuation, funds management & financial services.AustraliaFinance and BankingHolding Redlich
ArticleSingle Touch Payroll: Implementation deadline passedSingle Touch Payroll is a new system for employers to report employee tax and superannuation information to the ATO.AustraliaCorporate/Commercial LawMDC Legal
ArticleSuperannuation changes: What employers need to knowEmployers should consider their remuneration structures and how changes will impact on their strategic people management.AustraliaEmployment and HRPeople + Culture Strategies