SMSF Australia Blog Articles

Who is a disqualified SMSF trustee, what the fund must do when one is disqualified, whether a waiver is possible, and the penalties for staying on.

What to do when SMSF property is held in the wrong name: why legal title matters, the ATO's view on declarations of trust, and stamp duty relief.

The downsides of an SMSF: running costs on small balances, trustee workload and liability, no fraud compensation, limited dispute options, moving overseas.

Not every family or business connection is a related party of your SMSF. A worked example shows how the SIS Act treats cousins, partners and trusts.

A POA can allow a person (attorney), you appoint, to step into your shoes to make financial decisions on your behalf whilst an EPOA extends a POA to a person who has lost capacity

The two major reasons to pay insurance premiums from your SMSF versus personally include premiums can be partially or wholly tax deductible in the SMSF and cashflow considerations as premiums are paid from the SMSF bank and not your bank account

Yes, you do need to value all assets of an SMSF every year and provide the auditor with appropriate evidence to justify the valuation

The core of a SMSF’s operations lies in the trustee’s responsibilities to guarantee that reporting duties and obligations are fulfilled.

You need to give your employer details about your SMSF to allow your employer to make contributions to your SMSF using the government tool called SuperStream

A Part A qualification is generally considered to be a minor issue so there is no need to get too upset if this happens however a Part B qualification is generally considered more serious and if it is very serious must also be reported directly to the ATO