Insurance PDS Obligations – ticking the box and thinking outside it

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Product Disclosure Statements (PDSs) are subject to a range of regulatory obligations but they can also support commercial objectives (for example, a business that prides itself on speaking in plain

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26 Nov 2020

What happens to a testator’s Will after divorce?

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Going through a divorce may upset the best laid out estate plans by partially or completely revoking a couple’s Wills. Jennifer and Thomas were married for 5 years before Jennifer

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10 Dec 2018

Can an SMSF lease residential property to a related party?

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“No” is probably the first answer that comes to mind but it is actually “maybe”, if we are to believe the full Federal Court in the judgement it handed down

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09 Oct 2018

Court sheds light on an enduring attorney’s right to extend a BDBN

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A significant ruling was recently handed down in the Queensland decision of Re Narumon Pty Ltd regarding an attorney’s right to extend a member’s binding death benefit nomination. The facts

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05 Sep 2018

The First Home Super Saver Scheme

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The First Home Super Saver Scheme (FHSSS) is intended to assist individuals entering the property market by allowing them to save on tax and receive higher earnings than if the

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03 Aug 2018

New LRBA rules to apply after 1 July 2018

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A new piece of legislation giving effect to proposed measures announced during the 2018 Budget in respect of limited recourse borrowing arrangements (‘LRBA’) is currently being discussed by Parliament. What

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14 Jun 2018

Keeping your SMSF compliant when overseas

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SMSF trustees need to be careful when going away overseas for extended periods as they face many risks including losing residency These include: Failing the Australian residency requirements for the

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17 May 2018

When inheriting from friends not family

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It’s not often that a person gets the chance to inherit the estate of someone who is not a member of their family.  But it does happen and has its

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15 May 2018

Auditor says ‘safe harbour’ terms are mandatory – what now?

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Would an SMSF trustee decision not to adopt the safe harbour terms from the ATO’s Guidelines in relation to a related party loan breach the Superannuation Industry (Supervision) Act SIS

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04 Apr 2018

Can a financial manager be involved in client’s SMSF?

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We recently had to consider a scenario where a Financial Manager considered establishing an SMSF on behalf of a heavily disabled client (“Individual”) and act as the sole director of

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13 Nov 2017