A Will is a legal document that sets out who you want to receive your assets (estate) when you die. Making a Will is the only way you can ensure ...
SMSF – Avoiding Penalties
The penalty regime for self-managed superannuation funds (SMSFs) under the Australian Taxation Office (ATO) has been in place for a year. The ATO powers were set up to give the ...
Should an SMSF be a family super fund?
Sometimes SMSFs are referred to as family superannuation funds due to the ability to have mum, dad and two children as members in the fund. However, is this actually a ...
SMSFs, Collectables & Personal Use Assets
What are collectables and personal use assets? Section 62A of the Superannuation Industry (Supervision) Act 1993 (SIS Act) provides that the regulations may make rules in relation to trustees of ...
