by Shared by SMSF Adviser | Oct 24, 2018 | News
Prior to the Liberal party leadership spill and the removal of Kelly O’Dwyer from the financial services portfolio, the IPA had arranged to meet with Ms O’Dwyer to discuss a possible reinstatement of the exemption.Read the full article at SMSF Adviser.
by Shared by SMSF Adviser | Oct 23, 2018 | News
Two different court cases have held SMSF auditors responsible for investment losses in recent months. The first case, Cam & Bear Pty Ltd v McGoldrick, was a decision by the NSW Court of Appeal, which ruled that the auditor was negligent in failing to make proper...
by Shared by SMSF Adviser | Oct 22, 2018 | News
Speaking to SMSF Adviser, Australian Executor Trustees senior technical services manager Julie Steed warned that obtaining a quote from a lender may not be adequate proof that an LRBA is on commercial terms, with the ATO determining that a number of SMSFs relying on...
by Shared by SMSF Adviser | Oct 19, 2018 | News
What’s new?The Law Administration Practice Statement, PS LA 2018/1, sets out what ATO staff need to consider in determining whether matters concerning approved SMSF auditors should be referred to ASIC.Read the full article at SMSF Adviser.
by Shared by SMSF Adviser | Oct 16, 2018 | News
With the major banks and other large institutions forced to compensate customers for inappropriate fees or advice or other forms of misconduct recently brought to light by the royal commission, the ATO has highlighted some of the tax consequences from these...
