SMSF sector headed for big ‘period of transition’ next year

With the SuperStream changes and director ID regime now in place and an election not far off, next year is expected to be a “real period of adjustment and transition for the SMSF sector”, according to the SMSF Association.

by | 30 Dec, 2021

SMSF firms face increasing cost and compliance navigation post-auditor independence

SMSF Association deputy chief executive Peter Burgess explained that with the director identification number (DIN) regime only recently implemented and the industry still encountering some teething issues with the SuperStream standards, 2022 will “certainly be a period of adjustment and transition” for SMSF professionals.

Read more at SMSF Adviser

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