SMSF Alert: June 2014

Key Developments Rules on insurance in super change 1 July Court decision emphasises importance of estate planning Tribunal reminds us mistakes won't be tolerated After the excitement of May’s budget, the past month has been relatively low key. July is fast approaching and we’ve recently covered some important changes, such as SIS Act, the insurance proceeds may only be paid to a member who has already satisfied a standard ‘condition of release’ or who meets specific conditions of release relating to insurance – death, permanent incapacity, temporary incapacity or terminal medical condition. The practical effect is that there are...

After the excitement of May’s budget, the past month has been relatively low key. July is fast approaching and we’ve recently covered some important changes, such as SIS Act, the insurance proceeds may only be paid to a member who has already satisfied a standard ‘condition of release’ or who meets specific conditions of release relating to insurance – death, permanent incapacity, temporary incapacity or terminal medical condition.

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