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ATO sets compliance relief on PAYG instalments for SMSFs - Vimarsana News

ATO sets compliance relief on PAYG instalments for SMSFs

Due to the ongoing impacts of COVID-19, the ATO has extended its compliance support on PAYG instalment variations for SMSFs.

ATO issues alert on SMSF verification delays impacting SuperStream rollovers - Vimarsana News

ATO issues alert on SMSF verification delays impacting SuperStream rollovers

The ATO has recently received a high volume of manual verification requests through the SMSF verification service (SVS) system which has caused a delay in processing these requests for the current SuperStream v3 rollovers.

Managing hurdles impacting SMSF residential property transition to business - Vimarsana News

Managing hurdles impacting SMSF residential property transition to business

When considering the transition of residential property and business property in an SMSF for acquisition purposes, there are several distinctions that need to be checked off to ensure it can satisfy ATO requirements.

ASIC launches Federal Court action against super fund over banned adviser - Vimarsana News

ASIC launches Federal Court action against super fund over banned adviser

ASIC has commenced civil penalty proceedings in the Federal Court against Diversa Trustees after it failed to provide adequate oversight over a banned financial adviser.

Current ASIC compliance more concerning for advisers than FASEA exam - Vimarsana News

Current ASIC compliance more concerning for advisers than FASEA exam

The pressures of current ASIC compliance requirements are more concerning for advisers than the FASEA exam and educational qualifications, according to new research.