Accounting body CPA Australia has refused to support a tax proposal by Treasury that would restrict self-managed superannuation funds (SMSF) from engaging in off-market asset transactions. In a submission to the Inquiry into Tax and Superannuation Laws Amendment (2013 Measures No 1) Bill 2013, CPA […]
Related parties that loan to SMSF trustees need to ensure that the loan is a real loan and not a ‘financial accommodation’. Townsend Business and Corporate Lawyers said SMSF trustees should not ignore the rules on SMSF borrowing from related parties by considering loans as […]
A draft pensions ruling released by the Australian Taxation Office (ATO) gives little to no certainty as to when a , according to Graeme Colley, SMSF Professionals’ Association of Australia (SPAA) Director – Education and Professional Standards. For Colley, while Draft Taxation Ruling 2011/D3 has […]
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