Sladen Legal’s Phil Broderick was invited to present at The Tax Institute’s National Superannuation Conference. His topic was titled “SMFSs and Dividend Stripping and Dividend Washing Arrangements”.

Sladen Snippet – ATO gives further guidance on its 2016/17 priorities for SMSFs and recent enforcement actions

The Supreme Court of New South Wales, in the decision of Bideena Pty Ltd as trustee for the Bideena Pty Ltd Superannuation Fund, has confirmed that the trustee of a SMSF does not always require judicial advice as to whether the trustee will have a right to indemnify itself out of the SMSF assets for legal costs in pursuing litigation.

In a recent speech, James O’Halloran, Deputy Commissioner of Superannuation, Australian Taxation Office (ATO), announced that the ATO will focus on the following self managed superannuation fund (SMSF) issues during 2016/17:

Recent correspondence from the United Kingdom’s revenue authority (HMRC) has confirmed that the HMRC will not register a self managed superannuation fund (SMSF) as a Qualifying Recognised Overseas Pension Scheme (QROPS) unless the SMSF trust deed limits the membership to persons who are aged 55+.

The Federal Court ordered that a self managed superannuation fund (SMSF) trustee pay a fine of $40K and the ATO’s costs of $14K for various loans made by the SMSF trustee in breach of the super laws.

Sladen Legal’s Phil Broderick was recently invited to present at the Television Education Network’s 4th Annual SMSF Audit Conference. His topic was titled “Recent Tax and Regulatory Developments Affecting SMSF Audit”.