A member appoints their daughter under a general power of attorney. Can she replace the member as an SMSF trustee? A general power of attorney is not enough A general POA may authorise financial or administrative actions where those actions can legally be delegated. But a general attorney isn’t a “legal personal representative” under s10(1) […]
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Can we simply pass on the insurance proceeds to the member? Surely the insurer has done a thorough check? An insurer’s decision to pay a claim is an assessment against the terms of its policy — not a determination that the superannuation law has been satisfied. When a payment is made from an SMSF, the […]
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Understand how SMSFs can buy or lease business real property from related parties. Learn SMSFR 2009/1, leases, GST, and compliance.
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Understanding the difference between market value, fair value, NAV and NTA is essential for accurate SMSF reporting. This article explains how each valuation term is applied in practice, what evidence is required, and how trustees and auditors can ensure compliance with ATO expectations.
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An SMSF auditors does more than ensure compliance. Learn how early engagement and expert review protect the fund and support better decisions.
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Beyond bank feeds, an SMSF audit reviews evidence, missing income, non-cash events and whether the accounts reflect what truly occurred.
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