SMSF-owned assets: Be compliant, not complacent

SMSF-owned assets: Be compliant, not complacent

In FY21, Australia saw the greatest increase in newly established SMSFs since they first appeared in Australia in 1999. This burst of SMSF popularity has brought about a wave of Australians who are using the flexibility of an SMSF to indulge in purchasing unusual...

Non-complying SMSF

What are the implications? A Self Managed Super Fund (SMSF) may become a ‘non-complying’ fund if it fails either the “residency test”, which means the fund is not a resident of Australia or the “compliance test”, when the fund has been issued with a Notice...