Involved in a PAF? Here’s Why You Need an Auditor

Involved in a PAF? Here’s Why You Need an Auditor

If you’re familiar with Private or Public Ancillary Funds (PAFs and PuAFs respectively), it’s likely you’re well versed in what this kind of structure is, and why it exists. But are you as familiar with the compliance obligations? In simple terms, PAFs and PuAFs are...
Can a Self Managed Superannuation Fund receive gifts?

Can a Self Managed Superannuation Fund receive gifts?

When the Federal government first introduced the legal structure of a Self Managed Superannuation Fund (SMSF) into the Superannuation Law on 8 October 1999, it was mainly intended for family members who operated small businesses together.  Due to the Superannuation...