ATO figures show SMSF borrowings prudent

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The growth in SMSF borrowings has grown steadily over the five years to 30 June 2012, according to the latest Australian Taxation Office (ATO) figures. Graeme Colley, Director, Technical and Professional

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Decision on SMSF penalties gets thumbs up from SPAA

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The decision by the Federal Government to give the Australian Taxation Office (ATO) flexible and cost effective penalties to handle SMSFs that breach the law will ensure the system is

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SPAA dips its lid to ATO for its approach to limited borrowing

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The SMSF Professionals’ Association of Australia (SPAA) applauds the Australian Taxation Office’s (ATO) practical approach to the draft legislative instrument about limited recourse borrowing arrangements (LRBAs). The ATO has released

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APRA has no regulatory role to play in SMSF sector: SPAA

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The SMSF Professionals’ Association of Australia (SPAA) has dismissed calls for the Australian Prudential Regulation Authority (APRA) to regulate self managed super funds as being “willfully ignorant” of how this

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Gatekeepers’ role vital to health of SMSF sector

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The SMSF Professionals’ Association of Australian (SPAA) yesterday welcomed ASIC’s acknowledgement of the importance of professional service providers to the SMSF industry. Jordan George, SPAA Senior Manager Technical and Policy,

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ATO monitoring highlights need for SMSFs to get quality advice

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The need for trustees of self managed super funds (SMSFs) to get professional advice has never been more important following the announcement by the Australian Taxation Office (ATO) to increase

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Rising number of online scams

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Reports of e-mail scams to the ATO have tripled to almost 11,000 compared to the same quarter of last year. Second Commissioner Geoff Leeper said the ATO is seeing an

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Lost super heading to ATO

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Australians have just one week before inactive superannuation accounts with less than $2,000 must be sent to the Australian Tax Office. In December the Government passed a new law requiring

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ATO report backs SPAA’s position: Constant change undermines super

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The ATO-commissioned report about how to communicate about superannuation reinforces what the SMSF Professionals’ Association of Australia (SPAA) has been saying about superannuation – constant change weakens the system. The

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SMSFs – a new standard for rollovers and contributions

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From 1 July 2013, Australian Prudential Regulation Authority (APRA) funds can roll over to self-managed superannuation funds (SMSFs) using the new standard wherever an SMSF provides the relevant electronic service

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