Announcements / SMSF

Complete the Trustee or Advisor Survey to help build "The SMSF Academy"

As part of the development of an exciting initiative within the SMSF industry for both trustees and advisors, we are asking you to assist us in shaping the direction and development of “The SMSF Academy” by completing a short survey. The ‘thedunnthing’ over the coming months will begin to transition across to The SMSF Academy … Continue reading »

SMSF / SMSF Strategy / Trustee education

Is your SMSF operating like a Falcon or a Ferrari?

Many people who operate a SMSF never realise the true potential of what is arguably the most powerful retirement vehicle in Australia.  In thinking about how to best convey this message to trustees, I thought an appropriate analogy would be to look at the issue in “motor-vehicle” terms. I believe that most SMSFs fit into … Continue reading »

SMSF / SMSF Compliance / Trustee education

Video blog – Understanding the definition of a SMSF

I’m pleased to introduce the first video on ‘thedunnthing’ blog.  This video-blog looks at the definition requirements of a SMSF as defined within section 17A of the Superannuation Industry (Supervision) Act 1993 (SIS Act). Video blogs are to become a common feature of ‘thedunnthing’ and soon-to-be released “The SMSF Academy” (stay tuned).  I believe providing … Continue reading »

Professionals / SMSF

Has the fight for the superannuation pie just begun?

With a now re-elected Labor Government (and new Minister), the coming term is expected to see much debate and likely implementation of recommendations covered in both the Australian Tax System Review (Henry Review) and Super System Review (Cooper Review). Whilst the Cooper Review Panel found the SMSF sector to be in ‘good shape’, this view didn’t appear to be … Continue reading »

Announcements / SMSF Strategy / Trustee education / Webinars

Take Two: FREE Webinar on Property Investing within a SMSF

Due to a technical problem with the connection for today’s Webinar on “Property Investing within a SMSF”, I have rescheduled this session to next Wednesday, 3 November at 4pm AESDT.  Those attendees who have previously registered will receive an email regarding the date change.  For those who wish to register for next week’s free webinar, … Continue reading »

Professionals / SMSF

SMSFs & Powers of Attorney

The Australian Taxation Office (“ATO”) earlier this year finalised SMSFR 2010/2 that related to the operation of Powers of Attorney (“PoA”) within Self-Managed Superannuation Funds (“SMSF”). Subparagraph 17A(3)(b)(ii) of the SIS Act (“SISA”) applies to SMSFs.  The new ruling qualifies the ATO’s views as contained in SMSFR 2009/D1. For a PoA to be effective in … Continue reading »

Professionals / SMSF / SMSF Compliance

More from the ATO on SMSF limited recourse borrowing arrangements

With greater certainty around the use of limited recourse borrowing arrangements within Self Managed Super Funds, the Australian Taxation Office (“ATO”) appears to be feverishly producing information and decisions in this area for trustees and professionals. In the past couple of weeks, the ATO has issued ATO ID 2010/162 on arm’s length dealings for related … Continue reading »