Permanent Documents 1. Trust deed 2. Signed ATO Trustee declarations (if the fund was established post June 2007) 3. Change of trustee (if any) 4. LRBA deed (if any) 5. Pension start documents (if any)   Prior Year documents (only required for the first time we do the audit) 1. Signed annual return 2. Signed audit report 3. Signed financial statements Accounting file 1. Investment strategy 2. ASIC company statement (for all associated corporate trustees (i.e. trustee for the fund, trustee for bare trust, etc.) 3. Financial statements (including statement of financial position, operating ..read more

What is Rent Relief? Rent relief is a temporary measure introduced by the Australian government to assist tenants meet their rental payment obligations if they have suffered financially due to COVID-19 pandemic. The Relief measure covers 2020 and 2021 financial years. The rent relief has been extended to tenants (both related and unrelated parties) of properties held in Self Managed Superannuation Funds (SMSFs) directly or in an entity owned by the fund (i.e. a related trust, Related company, etc.). The rent relief is available by way of:   Rent deferral: where rent is deferred for a ..read more

Treasury Laws Amendment (Self-Managed Superannuation Funds) Bill 2020 was introduced into the Senate on 2 September 2020. This Bill will amend the SIS Act, the Corporations Act, ITAA 1997 and Superannuation (Unclaimed Money and Lost Members) Act 1999 to increase the maximum number of members in SMSFs from four to six members. When will it come into effect? The amendments will apply from the start of the first quarter that commences after the act receives royal assent.   How will this affect you? The change inteds to increase choice and flexibility for SMSF members. For example, a mum an ..read more