ATO releases Safe Harbour Guidelines The ATO has just released its Safe Harbour Guidelines in relation to limited recourse borrowing arrangements (LRBAs). ATO releases 2016/17 Superannuation Thresholds The Superannuation Thresholds for the 2016/17 financial year have now been released by the ATO. “What is the point of Super?” “What is the point of Super?” asked […]
SUPERCentral
SUPERCentral News – Issue 139 February 2016
Super & Tax Expenditures: What’s the fuss? Much TV and newspaper time has been consumed by the topic of superannuation. In particular, for the need to reform (read change) the superannuation system. Latest Super Statistics: Numbers with surprises APRA has shed some statistical light on Australia’s $2,000b superannuation sector with the release of its Quarterly […]
AAT upholds VA assessment of controlled private trust
The AAT has upheld a Veterans’ Affairs assessment of a trust as a controlled private trust for the purposes of applying the Veterans’ Affairs means test to the principal of the trust. The trust was a non-discretionary family trust with the principal’s daughter as the sole director of the corporate trustee. The principal settled property […]
Townsend: Estate planning is not just for the wealthy
Over 2 million small business owners should take action Number of documents that make up an estate plan? Five One of the reasons people give for not sorting out their estate planning is that they don’t think they have enough assets to warrant an estate plan. Most people are dead wrong about that. There are […]
Finally, an Estate Planning Service with a true adviser focus
Trustees must now pay attention to ownership details and their adviser can help guide them through the process with expert estate planning support Finally, an Estate Planning Service with a true adviser focus SUPERCentral’s flagship online Estate Planning Guide and Testamentary Manual has been designed specifically to assist advisers in guiding their clients through the […]
Finally, an Estate Planning Service with a true adviser focus
Trustees must now pay attention to ownership details and their adviser can help guide them through the process with expert estate planning support SUPERCentral’s flagship online Estate Planning Guide and Testamentary Manual has been designed specifically to assist advisers in guiding their clients through the intricacies of their testamentary requirements and to gather the information […]
Get in specie contributions in on time & don't think EFTs are instantaneous
An in-specie transfer could be delayed for many reasons All cash contributions made by electronic transfer should be made a few days before 30 June — many cases where contribution was debited on 29 June but not credited to the receiving account until after 30 June As a rule of thumb in specie transfers of […]
When does Superstream apply to SMSFs?
The introduction of Superstream to employer contributions made to SMSFs will be staggered over two years.