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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

236

Published

September 28, 2020

Notes Online Home 2019 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 SMSFs
• A practical guide to winding up an SMSF
• New developments affecting the payment of benefits from SMSFs
• NTAA’s 2019 SMSF audit kit

Chapters and Articles in 2019 Super Schools Day 1

SMSF trustees challenge the ATO’s tax treatment of early super withdrawals

Proposed changes to the ‘severe financial hardship’ condition of release

The latest ATO guide for TRISs that move into retirement phase – exempt TRISs

New ATO guidelines for pension withdrawals that exceed the minimum pension amount

Updated ATO valuation guidelines for SMSF assets supporting a pension

Recent decision highlights the difficulty with parents seeking a child’s super death benefits

ATO highlights the dangers of not paying the minimum pension for reversionary pensions

The latest guide to the $100,000 income cap for Capped Defined Benefit Income Streams

Requirement to appoint an auditor and the eligibility requirements

ATO and ASIC compliance activities

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 an Auditor Contravention Report

How to finalise an SMSF audit

The progress of proposed key superannuation changes

Changes to the 2019 SMSF annual return

New ATO guidelines target compensation for loss of superannuation entitlements

Latest NTAA guide to the NEW reporting rules for SMSF pensions

Deductions for holding vacant land to be removed for SMSFs from 1 July 2019

New streamlined rules apply for release authorities issued by the ATO

SMSF investments in the ATO’s firing line

New ‘work test’ exemption for making super contributions from 1 July 2019

Landmark Court decisions create a NEW landscape for SMSF advisers and auditors

Government set to extend and tighten the ‘compassionate grounds’ condition of release