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Monday High Court: BDBNs in SMSFs not subject to 3 year lapse rule The High Court has ruled that that a binding death benefit nomination (BDBN) in an SMSF does not need to comply with Reg 6.17A of the SIS...

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Weekly Update
On behalf of Tax and Super Australia (TSA) and its members, and further to our submission made dated 18 February 2022 in respect of Section 100A, TSA has advocated for the industry in respect of the draft PCG and the...

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On 3 June 2022 Tax & Super Australia wrote to the Treasurer, The Honourable Jim Chalmers MP, making note of the political, fiscal and social challenges the incoming government will need to consider in reforming tax and superannuation legislation that...

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Monday Election: Super - first homebuyers and downsizer proposals The Morrison Government has announced that if it is re-elected it will introduce the “Super Home Buyer Scheme” which will enable first home buyers to be able to access up to 40% of...

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Weekly Update
Superannuation is an investment vehicle specifically designed to help you save for retirement - this is one of the key reasons why you should take an interest in your superannuation. Whether you’re employed, self-employed or even nearing retirement, it’s never too...

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On behalf of Tax and Super Australia (TSA) and its members, and further to our submission made dated 18 February 2022 in respect of Section 100A, TSA has advocated for the industry in respect of the draft PCG and the...

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This article is originally published on SMSF magazine Downsizer contributions can be used strategically to generate favourable SMSF outcomes distinct from the ability to allocate more money into the superannuation fund, a retirement savings specialist has said. According to Tax and...

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March 31 marks the end of the 2021/2022 fringe benefits tax (FBT) year which commenced 1 April 2021. It’s time now for employers and their advisors to turn their attention to instances where non-cash benefits have been provided to employees,...

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April 2022 Newsletter
As an election looms, the Treasurer took few risks with the budget. The profession reacts to the headline measures. Training and technology: $120 tax deduction for every $100 spent on digital technology or training by small business  “The main headline...

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TPB: Support extended for practitioners affected by COVID The Tax Practitioner’s Board has announced that due to the ongoing impacts of COVID-19, it has extended many of its temporary concessions to assist practitioners meet their ongoing obligations. These are: the...

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