SMSF Audit News

Rise in Preservation Age

With the beginning of a financial year upon us, SMSF trustees would have already been busy planning & executing various actions within their funds – reviewing investment strategies, ensuring their records are up to date and audit ready, and documenting pension commencements and commutations. With pension commencements in particular, trustees [...]

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SMSF Service Provider Awards 2016

We’ve done it again! Evolv is thrilled to announce that, for the second time in a row, we have been nominated for the 2016 CoreData SMSF Service Provider Awards in the category of SMSF Auditor. Recognising the best service providers in the self-managed superannuation fund industry, the Evolv team are [...]

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Pre-1999 Trusts Units

There is a common misconception that where acquiring units in a related, “pre 1999 trust”, the rules contained in SIS Regulation 13.22C are applied to the new units at the time of acquisition. SIS Regulation 13.22C sets out strict criteria to be met in order for a related party investment [...]

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2016 Annual Budget and Super

The 2016 Australia Budget is out, take a look at how the changes on SMSF industry can affect your clients. These reports are now historical but available for reference purposes.  Read More >>

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Separation of SMSF Assets

One of the most common contraventions within an SMSF relates to separation of assets. SMSF trustees have always been required to keep money and other assets in their funds separate from those held by the trustees personally Read More >>

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SMSF Industry Continued Growth

On 16 December 2015 the ATO released their latest SMSF statistics, the Annual Self-Managed Superannuation Funds: A Statistical Overview 2013-14 and the September 2015 edition of the quarterly Self-Managed Superannuation Funds Statistical Report . ATO Assistant Commissioner Kasey Macfarlane provided commentary on the increase in numbers of funds and members, [...]

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SMSF Financial Decisions & Ageing

Given our superannuation becomes increasingly valuable as we grow older, SMSF financial decisions should consider how to ensure it is managed in our best interests sooner, rather than maybe before it’s too late? Arthur Favos, Head of Superannuation at Evolv, joins the conversation in the sensitive issue regarding ageing and [...]

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SMSF Audit Revolution

Take a look at our managing director Ron Phipps-Ellis' article in this months Self Managed Super Magazine. Ron talks about how technological innovation is creating the SMSF audit revolution, how SMSF Audits are performed and the value they may add in the future. Trustees of SMSFs appoint an Australian Securities [...]

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SMSF Advice Guidance

ASIC has this morning released new guidance on SMSF advice, which deals in part with ASIC’s views on starting balances for SMSFs. Read More >> Source: SMSF Advisor Online

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Increased Scrutiny of Super Auditors

The Tax Office has warned of increased scrutiny of self-managed super funds and their auditors as it gears up to impose penalties of up to $10,200 on funds found breaking the law from July. Tax Office assistant commissioner for superannuation Matthew Bambrick said among the methods they will use to [...]

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