TOPIC
The 2026 global economy: nervously muddling through
The world economy enters 2026 in a nervous state. Volatility and cautious consumers are the norm, even though growth has proven surprisingly resilient.
Court dismisses appeal of SMSF death benefits decision
The case of Re Marsella; Marsella v Wareham (No 2) [2019] VSC 65 involved the estate of Helen Marsella, who, prior to her death on 27 April 2016,...
ATO confirms ‘one in, all in’ JobKeeper feature
The ATO has now updated its guidance on the JobKeeper payment scheme, giving effect to a key feature that required all eligible employees to be...
Rent relief guidance given on non-geared unit trusts
The ATO has previously stated it will not take compliance action for the 2019–20 and 2020–21 financial years if an SMSF provides rent relief to a...
SMSF offshoring issues to worsen amid COVID-19
A 2017 survey found that an overwhelming proportion of SMSF trustees have noted their discomfort with their personal financial records being...
JobKeeper guidance for sole traders, other entities published
Sole traders and some other entities are being told they may be entitled for the JobKeeper payment if they meet certain criteria. Read more at My...
ATO updates turnover test guidance
The Tax Office has now released further guidance on the basic decline in turnover test, based on GST turnover. Read more at the Accountants...
How superannuation death benefits work
Now it’s 2020 and we’ve evolved beyond such medieval rules and as we contend with contemporary asset structures like superannuation, and family...
ASIC puts regulation on backburner
ASIC has delayed activities it considers “not immediately necessary” – including consultations, regulatory reports and reviews – and halted all...
No compliance activity for loan relief in FY20, says ATO
In an online discussion with SMSF Association chief executive John Maroney, ATO assistant commissioner Dana Fleming addressed the issue of...
Treasurer releases JobKeeper rules
The rules set out the eligibility and obligations concerning the $1,500 a fortnight JobKeeper payment for a 26-week period running from 30 March...
