SMSF Related Party Rules

Background The term related party of a super fund is relevant to two significant investment standards in the SIS Act which apply to all super funds. These are: *     the prohibition of acquisition of assets from a related party (section 66), and *     the 5% market...

SMSF Trusteeships and EPOAs

Background SMSFs continue to be a popular option for those who wish to gain more control over their super. However, clients often do not consider practical issues, such as what would happen if they are unable to continue as a fund trustee. Section 17A of the SIS Act...

SMSFs and overseas residency

Background To be eligible for concessional tax treatment, a superannuation fund needs to meet the definition of ‘Australian superannuation fund’ (ASF), along with other conditions. Under s.295-95(2) of the ITAA97 a super fund is considered to be an ASF if all three of...