SMSFs: Trauma insurance is now OK says ATO
Q: Can I purchase trauma insurance within my DIY super fund? Yes, based on a SMSF Determination issued by the Australian Taxation Office during April 2010. Quoting directly from SMSFD 2010/1: 1. Yes, a trustee can still satisfy the sole purpose test provided any benefits payable under the policy…
SMSF investment: Art for art’s sake
In May 2010, the Cooper Review (also known as the Super System Review) flagged that it intends to recommend that SMSFs be forbidden from investing in collectibles and personal-use assets; such as, art, jewellery, exotic cars, yachts, antiques, race horses and wine.
SMSFs: Moves to improve corporate bond market
For SMSF investors, one of the more significant Federal Budget announcements is a move intended to boost business lending competition. According to the announcement, the Australian Securities and Investments Commission (ASIC) will permit listed entities meeting specific criteria to issue bonds to retail investors using a simplified process.
SMSFs: More money for Superannuation Complaints Tribunal
In the latest preliminary report from the Super System Review (SSR) (see article SMSFs: Nothing exotic or personal says Cooper Review), the SSR recommends that the Superannuation Complains Tribunal (SCT) have a greater role to play in the resolution of complaints over death benefit payments.
SMSFs: Nothing exotic or personal says Cooper review
If you run a self-managed super fund don’t be expecting to invest in anything exotic, or to get up close and personal with fund assets, based on the latest preliminary recommendations from the Super System Review (SSR).
SMSF and property: instalment warrants 101
NEWS UPDATE: On 10 March 2010, the Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP announced two changes to the instalment warrant rules in relation to superannuation:
Cooper light: tastes good for SMSFs
The self-managed super fund (SMSF) sector is “in pretty good shape” according to Jeremy Cooper, chair of the Super System Review. Speaking at a SMSF industry (SPAA) conference on 18 February 2010, Cooper stated that, on average, SMSFs have become cheaper [...]
Shining a Government spotlight on SMSFs: a summary
On 10 December 2009, the Government’s Super System Review released ‘A statistical summary of self-managed superannuation funds’. Although mainly based on data as at June 2008, the document provides interesting insights into what the ‘average’ SMSF is doing in terms [...]
SMSF fraud: a case of mistaken identity
If you read the business section of the newspapers recently, or keep track of the financial news on the television, you may have heard about the push by a few industry groups within the superannuation sector to tighten the entry [...]
Looking for a DIY super club? Join the AIA
Q: Did the Self Managed Superannuation Members Association (SMSMA) ever get off the ground. I noticed it mentioned in one of Trish’s books and would be keen to find out more if it exists. Trish’s response: Alas, the SMSMA disbanded: [...]
SMSFs: Purchasing options is OK, and even sometimes CFDs
Q: Can a SMSF buy/sell call/put options? I understand that CFDs are not permitted because it breaches the charge over asset regulation. However, is that true that options are derivatives and in giving shares as a collateral (when writing options) [...]
