Mar 26, 2019
In order for a SMSF to enter into an investment with any parties without contravening the Superannuation Law, it is imperative that the SMSF trustee determines whether the investment transaction is entered into with a related party of the SMSF. This is because the law...
Mar 31, 2015
Zero-interest loans have been a bit of a grey area for a long time. Previously, borrowing from a related party at zero interest rates has not been frowned upon by the ATO. The ATO was primarily concerned about loans from related parties, made at higher than commercial...
Dec 3, 2014
When a Self-Managed Super Fund (SMSF) lends money to members or their related parties, the loan constitutes as an in-house asset of the fund. However, it is not necessary that the fund has contravened Section 65 of the SIS legislation. The Australian Taxation Office...
