Government Mid-Year Economic and Fiscal Outlook (Mini-budget)

(30 November 2011)

The Government’s Mini-budget released yesterday contained a number of superannuation and taxation proposals that will impact the financial planning industry. The proposals are summarised in this update.  

SMSF Borrowing Rules

(11 November 2011)

This guide takes a closer look at the criteria required for an SMSF to borrow in accordance with the requirements set out for Limited Recourse Borrowing Arrangements.  

Superannuation Guarantee (SG) and other super amending legislation introduced into Parliament

(3 November 2011)

This article provides a summary of the draft legislation to raise the SG contribution age limit. The amending legislation also includes the proposed government low income superannuation contribution payment of up to $500 pa.  

Deductibility of TPD Premiums – Draft Regulations

(5 August 2011)

This article provides a summary of the recently issued Draft Regulations specifying the relevant percentage of a TPD premiums that will be tax deductible to a superannuation fund.  

Improved Work Bonus

(3 August 2011)

This bulletin provides a summary of the Work Bonus changes and the impact on clients' social security entitlements.  

ATO issues draft tax ruling on Income Streams

(29 July 2011)

This bulletin provides a summary of the ATO draft ruling (TR 2011/D3) outlining it's views on when an income stream commences and ceases.