The ATO has given notice that all non-commercial LRBA arrangements must be at arm’s length by the 31st January 2017.
A box with interesting opportunity in amongst the technical confusion.
The Treasury Laws Amendment (Fair and Sustainable Superannuation) Bill 2016 and the Superannuation (Excess Transfer Balance Tax) Imposition Bill 2016 have today been passed by parliament.
When a member passes away, it is the role of the surviving Trustees to determine who should receive the member’s super benefit and in what form.
Non-commercial SMSF LRBA arrangements are high on the ATO’s radar.
At the CA Australian & New Zealand SMSF conference Assistant Commissioner Kasey Macfarlane announced that the ATO will be increasing its vigilance in three key areas...
The Treasurer has today announced major revisions to superannuation reforms as proposed by the 2016 Budget.
The ATO has announced that from late August you will be able to request clients’ post 1 July 2007 NCC lifetime cap balance via the tax agent portal mail facility.
We reported last year that the ATO is seeking and the Courts are issuing large fines to Trustees for serious breaches of the SIS Act.
