SMSF Alert: September 2013

This month’s key developments: ATO and ASIC signal increased SMSF scrutiny Coalition not clear on their intentions for super Another tribunal decision on excess contributions tax SMSF enforcement seems to be on the rise, with the Reserve Bank, ASIC and the ATO all saying that they’re keeping an eye on the sector – especially borrowing to buy property. There’s also been a ramp-up in SMSF trustee education material from the ATO, as well as a discussion of the need for more upfront advice and warnings to those thinking of setting up an SMSF. What’s the ATO excited about? Almost...

SMSF enforcement seems to be on the rise, with the Reserve Bank, ASIC and the ATO all saying that they’re keeping an eye on the sector – especially borrowing to buy property. There’s also been a ramp-up in SMSF trustee education material from the ATO, as well as a discussion of the need for more upfront advice and warnings to those thinking of setting up an SMSF.

What’s the ATO excited about?

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