SUPERCentral News

The ATO has advised that from early March 2019 its policy as to the issue of Notices of Compliance for newly established SMSFs will radically change – for the better! Under the new policy, the ATO will issue a Notice of Compliance within a few weeks of a new SMSF first being registered with the ATO.

If you believed the press DIY superannuation is all but finished. Don't believe the press. Even with the proposed limiters superannuation still remains a very efficient and attractive structure for your retirement planning, and particularly self managed superannuation.

Two key issues on Superannuation from the Hayne Royal Commission were Agency Conflict and Invisibility of Fees (especially for no service). These two issues could be summarised as essentially poor and conflicted governance.

Since its introduction, Limited Recourse Borrowing Arrangement (LRBA) has served many Australians to buy real property in their SMSF. We have seen an increase in the number of SMSFs that have repaid the loans and are unwinding the arrangements.