Tax Smart Blog

One of the most important duties of the trustees of a superannuation fund is to manage the fund’s assets.  Read More

On 28th Sep 2011 the High Court of Australia confirmed the Superannuation Guarantee Charge Act (SGCA) and the Superannuation Guarantee Administration Act (SCAA) are valid under Australia’s Constitution...  Read More

Recently the ATO issued a fact sheet on the superannuation guarantee to acknowledge the twentieth birthday of superannuation guarantee.   Read More

Here the AAT held that the taxpayer was not carrying on an enterprise and therefore was not entitled to the input tax credits claimed of over $30,000.   Read More

Legislation was enacted on 29th June, 2011 that impacts the taxation of trusts.  The legislation introduces two new anti-avoidance rules and allows streaming of capital gains and franked distributions to beneficiaries for tax purposes.  The changes apply from the 2010-11 income tax year.   Read More

Non-Concessional Contributions   Read More

A self managed super fund (SMSF) is controlled and managed by the members of the fund.  As such, the members, as trustees, make all the decisions about how the fund is run, what investments it holds and the type of benefits it can pay.  The level of control and flexibility SMSFs allow are seen as some of their main advantages.   Read More

On 28th July, 2011 the Government released a discussion paper to inform public debate on priorities and directions for continuing tax reform in the lead-up to the Tax Forum on 4th – 5th October.   Read More