By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) Published in Australian Tax Week Issue 15 (20 April 2018) A often asked question by the trustees of self-managed superannuation funds is whether they can make investments involving associated or
Is the ATO Changing its Approach on LRBA’s?
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) Effective Date: 6 September 2017 The rules for LRBA’s and superannuation funds do not prohibit the loan being made by related parties. A question that some ask is whether the
Superannuation Reform 2016 – Planning Pointers
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) Effective Date: 30/07/2017 The superannuation reforms announced in the 2016 Federal Budget have largely been implemented. Many of the changes simply adopt the government announcement. However, there are some changes
Superannuation Reform 2016 – A Roadmap to guide you through the maze
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) The 2016 Federal Budget proposed the most significant reform to superannuation since 2007. Much of the legislation for the implementation of that reform has been implemented with the passing of
Protection of Superannuation
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) Bankruptcy law excludes some assets from being available to meet liabilities owing to creditors: for example, certain kinds of household property, a motor vehicle worth less than $7,500, and an
Imposing penalties on SMSF
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) Self-managed superannuation funds (SMSFs), like all regulated superannuation funds, are eligible for significant taxation concessions – most classes of income are taxed at 15%, discount capital gains at 10%,
Improvements to super fund property
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) When considering a suitable investment strategy (particularly for assets that are held outside of superannuation) alternatives for gearing, both in relation to the acquisition of the asset and improvements to