October 2016 Newsletter

        Current as of October 2016   2016 FEDERAL BUDGET SUPERANNUATION REFORMS – THE NEXT STEPS Last month the government had its first sitting of Parliament since the election and though they released some draft legislation for comment, we expect more changes in the forthcoming months of this superannuation reform journey. Here is a recap of the … Read More

LIFE INSURANCE HELD BY AN SMSF FOR A BUY-SELL AGREEMENT

Current as of June 2015 It is a very common practice for a self-managed superannuation fund (SMSF) to purchase a life insurance policy where the purchase is pursuant to a business buy-sell agreement the member has entered into with their business partners. However, the Tax Office has stated that they believe this common practice is now a breach of the … Read More