The classification as a sophisticated investor removes a great deal of adviser compliance activity and paperwork. It also means that the investor’s consumer protections exclude action by the ...

An SMSF can own real property with other entities but cannot be joint tenants, an industry technical specialist has said. Shelley Banton, head of technical for ASF Audits, has said that SMSFR 2009/1, ...

The consequences at the core of the Compensation Scheme of Last Resort for financial advice professionals have put Australians at risk, the FAAA has said.

The SMSFA has urged the government to consider creating a “designated role” to sit alongside a primary tax agent who could access information necessary for the administration of SMSFs. In its ...

Compassionate release of super benefits must not only be allowed through the deed of an SMSF, but also must be approved by the ATO, a specialist has said. Julie Steed, senior technical services ...