Two key issues on Superannuation from the Hayne Royal Commission were Agency Conflict and Invisibility of Fees (especially for no service).
LRBAs
ATO sets deadline for SMSFs with non-commercial LRBAs
The ATO has effectively given SMSFs with non-commercial LRBAs a period of grace to either restructure the terms of the arrangement so that they are on commercial terms or to wind up the arrangement. The period of grace ends on 30 June 2016. It seems the ATO is adopting a “we will not ask” and “you […]
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