News
Qld falls into line with six-member funds
1+ hour, 18+ min ago (409+ words) Trust law changes in Queensland mean SMSFs in the state can boost member numbers to the highest level allowed under Australian law. SMSF trustees in Queensland that wish to expand their fund to six members can now do so after…...
Staff accommodation not real property
3+ hour, 5+ min ago (480+ words) An SMSF will breach a number of super laws by leasing property to a related business to accommodate staff. An SMSF purchasing property for use as staff accommodation for a related-party business is likely to breach the in-house assets or…...
Passage of Survivors Law welcomed
3+ hour, 20+ min ago (345+ words) ASFA and the SMC have welcomed legislation allowing victims of child sexual abuse to access a perpetrator's superannuation in compensation claims. The Association of Superannuation Funds of Australia (ASFA) and Super Members Council (SMC) have welcomed the passage of the…...
UGC adviser banning order extended
4+ day, 3+ hour ago (297+ words) A failed review sought by a former UGC adviser against a prohibition order has seen the ban applied to him extended from two to three years. Former authorised adviser for United Global Capital (UGC), Stephen Rogers, has had his registration…...
Risk of wasting Div 296 capital losses
4+ day, 3+ hour ago (147+ words) The CGT model that will operate under the Division 296 rules may see a losses and gains mismatch among SMSFs applying the cost base adjustment....
New trust tax may impact estate planning
4+ day, 3+ hour ago (399+ words) The tax to be applied to discretionary trusts included in this year's federal budget may have estate planning implications for SMSFs. The SMSF Association has alerted the sector to an estate planning issue that may arise as a result of…...
Budget emphasises audit automation
4+ day, 3+ hour ago (492+ words) The significant financial changes announced in the 2026 federal budget have increased the importance of automation for SMSF auditors. On one side the budget delivers a stack of legislative obligations such as the Division 296 tax, a restructured capital gains tax (CGT)…...
Budget clarifies Div 296 strategies
5+ day, 2+ hour ago (515+ words) The 2026 federal budget has inadvertently provided SMSF trustees with a clearer direction as to the management of Division 296 tax liabilities. A key industry stakeholder has suggested the 2026 federal budget has given SMSF trustees greater clarity as to how they manage…...
CGT exclusion a win for super members
5+ day, 2+ hour ago (20+ words) Excluding superannuation funds from changes to the CGT regime will ensure stability in the sector while not undoing current concessions....
ASIC funding boost welcomed
5+ day, 2+ hour ago (347+ words) The Super Members Council is pleased the government has allocated extra funds in this year's budget to protect investors and strengthen super. The Super Members Council (SMC) has welcomed a $17. 8 million allocation over four years in the 2026 federal budget to…...