News

This article (the first in a two-part series) examines the effect of the proposed law on members who have satisfied a relevant condition of release with a nil cashing restriction.

The new law pertaining to ‘ipso facto’ clauses came into operation on 1 July 2018. This article highlights the relevance of the new law for SMSFs.

This article covers the main ways a person becomes a disqualified person, the consequences of disqualification and the options available to those who are disqualified…

BGL has analysed data from over 175,000 funds in light of the recent announcements regarding the increased use of reserves…

Significant time has passed since the introduction of the transfer balance cap (‘TBC’). During this period, many have become aware of the potential trap caused by the TBC for SMSF members who receive payments above the account-based pension (‘ABP’) minimum annual amount, and have responded by implementing various strategies to avoid this trap. This article shows that timely action can minimise any further opportunity cost resulting from the trap.

When self managed superannuation funds (‘SMSFs’) borrow to acquire real property, one of the common mistakes is not having the deposit paid from the bank account of the SMSF trustee. This article highlights the importance of the deposit being paid the SMSF’s bank account and identifies some possible rectification options where the deposit was paid by another party…

The new functionality provides CAS 360 clients with the ability to receive document and fee deadline SMS notifications directly from the software as well as respond to CAS 360 with another SMS message…

There is lots of hype at the moment around ASIC corporate compliance software. But many people seem to be forgetting the basics – why am I buying corporate compliance software?