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Tag Archives: SMSF
SMSF trustee fined $12,500
The Federal Court has imposed a $12,500 civil penalty on a trustee of a self-managed superannuation fund (SMSF) for the illegal early release of benefits in breach of the sole purpose test. The respondent established an SMSF in August 2005 … Continue reading
SMSF’s In-house asset breaches up
The drop in investment values has caused problems for many self-managed superannuation funds with in-house assets. Partners Superannuation Services research has revealed 11.25 per cent of self managed superannuation funds (SMSFs) breached in-house assets limitations during 2008. Under the Superannuation Industry … Continue reading
Seminars for trustees of self-managed super funds
During March the Australian Tax Office will be running seminars for trustees of self managed superannuation funds in regional locations throughout Australia. They will be covering information that is relevant to SMSFs. Stephen Hall, Superannuation partner at Thomson Hall recommends … Continue reading
Posted in Superannuation, Tax
Tagged ATO, seminars, SMSF, Superannuation, tax office
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