New SMSF insurance rules from July 2014

From 1 July 2014, not all insurance policies are allowed inside Self Managed Superannuation Funds (SMSF). The new insurance policies will only be allowed to the extent that they align with the new regulation 4.07D of the SISR. Trustees of the SMSF now must not provide...

Insurance in Super

There has been a change to the Superannuation Regulations (SISR 1994), wherein SISR 4.09(2)(e) has been added which requires the trustees of an SMSF to consider whether any insurance cover should be retained, increased or taken out in the SMSF. As the requirement to...