There has been a watershed of change in the self-managed super fund (SMSF) area. The legislation introducing the new investment rules and new definition of SMSF has been released. In addition the ATO take over administration of SMS's from July 1999. Each tax practitioner with involvement in SMSF work must take stock, restructure their existing practices and make sure their clients comply with the new regime from March 2000. However, planning should commence from July 1999 and practitioners must be on top of these new rules prior to setting up any new super funds from this July.
Superannuation workshops
Author(s):
Daniel Butler CTA
,
Ross Stephens CTA
,
David Foulds
Materials from this
session:
The new SMSF regime under ATO control
Materials from this
session:
Details
- Published On:9 Jun 1999
- Took place at:Leonda by the Yarra, Hawthorn
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research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
Tags
1999
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