SMSF landlords and offering rent relief

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A hot topic for SMSF trustees during the COVID-19 crises is whether SMSF trustees that hold land can offer rent relief to their tenants, in particular to related tenants, without breaching the superannuation laws. Rent relief by SMSF trustee landlords can potentially cause issues for SMSF trustees. That could include breaches of the sole purpose

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SISFA relaunches membership to SMSF trustees

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Self-managed Independent Superannuation Funds Association (SISFA) has redesigned and is relaunching its membership offering for SMSF trustees. Through existing communication channels and those of new associated partners and sponsors of the Association, up to 200,000 SMSF trustees can be contacted quickly with this membership offer. “Alongside its advocacy efforts, for some time now SISFA’s focus

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SISFA condemns ‘political football’

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Related-party transaction restrictions are too important to become a political football says the peak industry body which lobbied successfully for their defeat. The defeated proposals created unintended consequences, says Darren Kingdon, spokesman for Small Independent Superannuation Funds Association (SISFA). ‘These consequences included unwarranted restrictions imposed on in-specie benefit payments, which in effect may have impeded

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SISFA questions wealth tax: “surcharge reincarnated”

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The Small Independent Superannuation Funds Association (SISFA) has questioned the intentions of the Government in imposing a wealth tax on high income earners making superannuation contributions.  “If this goes ahead, it’s clearly a disaster and really is just the surcharge reincarnated. Although it is proposed to only apply to high income earners, the reality is

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SISFA welcomes clarification of borrowing rules

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Small Independent Superannuation Funds Association (SISFA) has welcomed the announced clarification of borrowing rules to allow SMSFs with property purchased through limited recourse borrowing to make improvements. “It is a practical outcome for trustees and allows for greater flexibility in buying property where the opportunity to add value can enhance the retirement outcome for fund

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