SMSF alert: February 2014

Key developments SMSF trustees need to be conscious of SuperStream data standards ASIC guidance on hybrids       With little in the way of new laws, rulings or cases it’s been a quiet month. But the Tax Office and ASIC have made some announcements important to SMSF investors. SuperStream The Tax Office has been busily warning SMSF trustees of the upcoming deadline for the SuperStream data and payment standard. SuperStream is a set of Government reforms aimed at reducing the administrative burden of making payments to multiple super funds. From 1 July this year, all large and medium employers (those with...

With little in the way of new laws, rulings or cases it’s been a quiet month. But the Tax Office and ASIC have made some announcements important to SMSF investors.

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