Relatives are defined in both Section 10 (1) and Section 17A of SISA. Section 10 (1) definition is … Keep Reading
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AAT Case: Excess Non-concessional Contributions Tax Affirmed
Excess Contributions Tax – Sutton and Commissioner of Taxation [2013] AATA 661 The Administrative Appeals Tribunal (AAT) has upheld a…
Keep ReadingRecent ATO Ruling and Determination on Pension – TR 2013/5 and SMSFD 2013/2
Draft taxation ruling TR 2011/D3 has finalised as TR 2013/5 and SMSFD 2013/2. Outlined below is a summary of the…
Keep ReadingExcess Concessional Contributions – Recent Changes
As a part of the Government’s reforms announced on the 5th April 2013, it was proposed that any excess concessional…
Keep ReadingExtra 15% Tax on Concessional Contributions for Very High Income Earners
On 28 June 2013, the Superannuation (Sustaining the Superannuation Contribution Concession) Imposition Bill 2013) and the Tax and Superannuation Laws…
Keep ReadingTax Certainty for Deceased Estates
As part of the 2012/13 Mid-Year Economic and Fiscal Outlook (MYEFO), the Government announced that it would amend the law…
Keep ReadingSMSF Collectable Rules
Background Before introduction of the new SMSF collectable rules, regulations for collectables within SMSF was broadly contained in section 62 Sole…
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