Product Updates
Heffron SMSF
Proposed Legislation Changes
We have recently made several changes to our Proposed Legislation Changes page including:
- Penalty unit increase - Bill introduced to Parliament
- Paying for advice fees from super - Bill introduced to Parliament
- Successor fund transfers and transfer balance cap amendments - Draft legislation released
- Non-arm’s length expenses - Bill passed by Senate
- Div 296 tax and defined benefit interests - Draft regulations released
- Objective of super - Senate committee recommended Bill be passed
Other updates:
- Bankruptcy - updates to the implications for super on bankruptcy.
- A new factsheet has been added that you can use with your clients - "Should my SMSF have a corporate trustee or individual trustees?"
This article is for general information only. It does not constitute financial product advice and has been prepared without taking into account any individual’s personal objectives, situation or needs. It is not intended to be a complete summary of the issues and should not be relied upon without seeking advice specific to your circumstances.
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