SMSF Alert: October 2013

Liam Shorte and Richard Livingston highlight this month’s key SMSF developments.

The past month has been quiet on the legislation and regulation front, but the media hype on property continues and ASIC and the Tax Office continue to feed that beast. We also highlight shortcomings in the Tax Office system affecting those who’ve used a ‘reserving strategy’ to stagger concessional contributions over two financial years.

ASIC has issued a warning to consumers about recent advertising that promotes the use of self-managed superannuation funds (SMSFs) to invest in residential properties through the National Rental Affordability Scheme (NRAS).

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