An SMSF trustee who objected to an ATO determination about a breach of a trustee’s covenant found himself disqualified as a trustee.
SMSF trustee breaches
‘Speeding fines’ return for SMSF trustee breaches
Proposed powers are planned to come into effect on 1 July 2014 Heaviest proposed penalty is $10,700 for breaches of lending or providing financial assistance to members and their relatives, breach of in-house asset etc Expected minimum of $150 million in fines to be collected from SMSF sector First it was in, then it was […]
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