Government response to the recommendation of the Super System Review (Cooper Review)
30 December 2010 : The Government released its response to the Cooper Review in December 2010 detailing that it will supports or support in principle about three quarters of the some 177 recommendations. Read our review of those that relates to SMSFs.
Changes to NSW stamp duty on dutiable property
22 November 2010 : The recent change to the NSW Duties Act now provides concession on transfer of "dutiable property" to a self managed superannuation fund if certain criteria are met. If you are thinking about making an in-specie contribution of a business real property to the fund, you can now make this contribution and take advantage of the concessional duty.
SMSF limited recourse borrowing arrangement - update
22 September 2010 : The SMSF borrowing arrangement provisions in the Superannuation Industry (Supervision) Act 1993 (the SIS Act) have been changed. From 7 July 2010.
Clarity on CGT treatment of instalment warrants and update on capital protected borrowings
2 August 2010 : The longstanding practice of capital gains tax treatment of instalment warrants is being legislated to provide certainty to taxpayers.
Extention of 50 per cent reduction in minimum pension drawdown
19 July 2010 : The Government will continue the 50 per cent reduction in the minimum payment amount for account-based pension, allocated and market-linked pensions for the 2010-11 financial year.
Preparing for year-end - keeping your SMSF in order
17 May 2010 : Counting down to 30 June, its that time of the year again... housekeeping tasks to help you prepare for the financial year-end.
19 July 2010 : The Budget has been framed on a sustained economic recovery and new Resources Super Profits Tax to return the Budget to surplus within 3 years. Read our Budget analysis on personal taxation and superannuation measures.
Australia's Future Tax System (Henry) Review Report
7 May 2010 : The Review report put forward a proposal for comprehensive tax reform. The Government's response to the recommendations was less than comprehensive. Ths Government announced a small number of recommendations that will be implemented or rejected outright, but remaining silent on most of the 138 recommendations.
The Super System (Cooper) Review - SMSF report
7 May 2010 : A summary of the recommendations from the Superannuation System Review report Self-Managed Super Solutions.
Super System Review Statistical Summary of SMSF
23 December 2009 : The Superannuation System Review has release a paper titled "A Statistical Summary of Self-Managed Super Funds". The paper provides a collection of interesting statistical data and broad overview of the SMSF sector, including topics such as investment performance, operating expenses and compliance issues.
Federal budget 2009 - super law changes
5 June 2009 : The Treasurer, Mr Swan, handed down his second budget with some proposed changes to the superannuation system, including limitation on savings through superannuation.
Minimum pension drawdown for 2008-09 halved
30 April 2009 : The Government has announced a temporary relief to the minimum amount of superannuation pension that a retiree is require to drawdown.
26 September 2008 : Around three quarters of a million Australians now have all or part of their superannuation savings in self managed super fund.
