A hot topic for SMSF trustees during the COVID-19 crises is whether SMSF trustees that hold land can offer rent relief to their tenants, in particular to related tenants, without breaching the superannuation laws.
SISFA
SISFA relaunches membership to SMSF trustees
Self-managed Independent Superannuation Funds Association (SISFA) has redesigned and is relaunching its membership offering for SMSF trustees.
SISFA welcomes ATO’s position on SMSF reporting
The ATO’s final position on event-based reporting for SMSFs is both welcome and a reflection of the industry and regulator collaborating to achieve a sensible outcome.
New voice for one million SMSF members
Two associations that speak for Australia’s one million self-managed super fund members are merging to create an even stronger united voice. The Self-managed Independent Superannuation Funds Association (SISFA) is Australia’s original SMSF advocate, established in 1998 to represent the interests of trustees and industry to Government. SISFA’s mission includes the encouragement of high professional standards […]
SISFA’s 2011 submission finds favour in 2016 Budget
SISFA would like to thank the Minister for adopting many of the superannuation measures detailed in our earlier submission of 5 February 2016 SISFA welcomes the announcement of key measures in the Treasurer’s Budget speech of 3 May 2016 that were an integral part of our submission in September 2011 to the Minister for Financial […]
SMSF borrowing remains for retirement plans
SISFA welcomes the government’s considered response to the Murray inquiry, and supports the enshrining of the fundamental objectives of superannuation within legislation. SISFA hopes that such a move can finally put the superannuation system on the road to broad bi-partisan support, given the critical role of super within our financial and retirement system. SISFA agrees […]
Tax problem for an SMSF-related party: 0% interest rate, 100% LVR, no regular payments etc – ATO issues PBR
The ATO has recently released a Private Binding Ruling (PBR) indicating that a related party loan to a SMSF at a 0% interest rate triggered significant tax problems.
Newsflash: SISFA condemns ‘political football’
Related-party transaction restrictions are too important to become a political football says the peak industry body which lobbied successfully for their defeat. The defeated proposals created unintended consequences, says Darren Kingdon, spokesman for Small Independent Superannuation Funds Association (SISFA). ‘These consequences included unwarranted restrictions imposed on in-specie benefit payments, which in effect may have impeded […]