SMSF audit: you must appoint an approved auditor
If you run a self-managed super fund, you must ensure that your SMSF is audited annually by an approved auditor. As SMSF trustee, you also must ensure that you formally appoint your fund’s auditor each year.
SMSFs: 15 findings about SMSF trustees
At last! A new SMSF study sets an initial benchmark to measure the growth of self-managed super funds, to track SMSF trustee behaviour and SMSF investment performance, and the role of SMSF advisers. The inaugural SMSF study, which will be conducted on an annual basis, has a curious title: ‘Intimate with Self-Managed Superannuation’ research report.
SMSF investment: Art collectors subject to stricter guidelines
If you hold artwork, antiques, coins, or other collectibles within your self-managed super fund, then you need to be aware of new rules coming into effect from July 2011.
SMSFs: Collectibles remain OK investments, say all parties
Self-managed super fund trustees who own art within their super fund, or valuable coins or antiques or any other type of collectible investment can now rest easy.
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.
DIY super: Age Pension relief for SMSF lifetime pensions
In March 2009, SuperGuide reported that certain SMSF lifetime pensions would receive a reprieve from repaying Age Pension entitlements when failing a solvency test (see Light relief for SMSF lifetime pensions). The solvency test is conducted by an actuary who [...]
Another super review: Who’s looking out for consumers?
The Superannuation Minister Nick Sherry has announced another review of the superannuation sector. He believes that after nearly 20 years of compulsory super that it’s time to re-examine the system. Senator Sherry has made it clear that this review is [...]
