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Disclaimer
These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.

Document Type

Publication

Pages

206

Published

September 23, 2020

Notes Online Home 2018 Super Schools Day 1

This publication, as a whole, is available in HARDCOPY only.

These seminar notes cover the following topics:

  • What’s new for SMSF’s
  • New developments affecting the payment of benefits from an SMSF
  • NTAA’s 2018 SMSF Audit Kit

Chapters and Articles in 2018 Super Schools Day 1

Recent developments affecting the conditions of release for cashing a member’s benefits

Latest guide to paying the minimum annual pension amount under the recent reforms

Major changes affecting the commutation of a death benefit pension

Proposed new rules provide welcome relief for reversionary TRISs

The proposed three-yearly audit cycle

Requirement to appoint an auditor and the eligibility requirements

Auditor independence

A guide to planning for an SMSF audit

How to perform a financial audit of an SMSF

How to perform a SIS compliance audit

Lodging Auditor Contravention Reports

How to finalise an SMSF audit

Key superannuation measures announced in the 2018/19 Federal Budget

New developments affecting a member's Total Superannuation Balance ('TSB')

New LANDMARK reporting requirements for SMSFs paying pensions

Claiming the pension exemption on the 2018 SMSF return under recent reforms

New rules avoid excess contributions for employees working for multiple employers

Government introduces the new 12-month Superannuation Guarantee (‘SG’) amnesty

Claims for personal super contributions in the ATO’s firing line

The NEW ‘downsizer contribution’ on the sale of a dwelling from 1 July 2018

New travel and depreciation restrictions for rental properties held by SMSFs

New rules introduce tax sting for SMSFs with related party transactions

ATO announces audit targets for SMSFs in 2018