From SuperCentral
Now that the end of the 2022/23 financial year is almost here, superannuation members who are currently receiving pensions need to take certain actions. First: Ensure that the minimum amount
From Townsends Business & Corporate Lawyers
In this case a binding death benefit nomination was held to be invalid because it had not been given to the trustee, that is, not given to all the trustees
The legislation to significantly increase the cut-off limit for entitlement to the Seniors Health Care has been enacted. Now the relevant cut-off limits are $90,000 for a single (previously $61,284)
Increase in Com Penalty Unit Increase to $275 (presently $222) Operative date 1 January 2023 Example – breach of operating standard (such as failing to keep separate assets held by
Is it possible to make a last minute withdrawal before you die and the payment, if made after you have died, still be treated as being tax free? Well Yes
Significant changes to the social security means test treatment of sale proceeds of the principal home. The amendments will also modify the application of the Income Test by treating the
In possibly the most significant trust tax case since Bamford (2010), the High Court has held that the attempt to undo, by means of an “after the event” disclaimer, the
An amendment bill has now been introduced into Parliament to permit the Australian Taxation Office (ATO) to provide details about the superannuation accounts of a party to a Family Law
Previously, trustees of self managed superannuation funds were required to perform their duties and exercise their powers in the best interests of the beneficiaries of the fund. This requirement was
Six member SMSFs finally arrive Why have a 6 member SMSF? A 6 member SMSF may be relevant to situations where a parent or a couple have children who are
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