ASIC to increase audit surveillance in 2025–26
The corporate regulator has said it will review an increased number of audit files in the upcoming financial year.
The corporate regulator has said it will review an increased number of audit files in the upcoming financial year.
The ATO has issued guidance on what SMSF members need to understand about compliance regarding responsibilities when appointing trustees or directors of a corporate trustee.
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Bipartisan support now exists to prevent perpetrators of financial abuse and domestic violence from accessing the victim’s superannuation benefits upon their death after the Coalition pledged to take this action should it win power at the federal election in May.
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The ATO has reminded trustees they have until 30 June to make their minimum payment from their pension.
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Australian SMSFs have historically maintained strong exposure to local assets, with portfolios concentrated in Australian shares and cash.
Analysis from one of the country’s biggest asset management firms has revealed a “deadweight loss” of $94.5 billion to the nation’s economy if the Division 296 tax gets over the line.