SISFA in the Media

Separate SMSFs a conflict fix

Non cash re-contributions tricky

ATO Rent Relief Determination close

Asset Valuation breaches spike

Arrears contributions glitch arises

Death benefits don't need cash

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The establishment of the SMSF Party to run for seats in both houses of parliament at the coming federal election has attracted criticism from an industry body. Michael Lorimer spoke to SMSFSuper Magazine this week

An interesting article on retirement income without franking credit refunds

"The Alliance for a Fairer Retirement System highlights the impact on small business owners of the ALP&rsquo;s proposal to disallow franking credit refunds and welcomes three new national associations as member<br />

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Read the full media release here"

SMS Magazine reported that SISFA has responded to the federal budget proposal for three-year SMSF audits by creating

SMS Magazine reported that SISFA has responded to the federal budget proposal for three-year SMSF audits by creating an entirely new class of membership to represent the interests of specialist SMSF auditors.

"SISFA has previously lobbied the Government for an increase in the maximum member number of SMSF members from 4 to 6 or 7.<br />

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We welcome the impending announcement by Financial Services Minister, Kelly O'Dwyer"

Chris speaks to Anne Nelson on SMSFs and how they operate

SISFA has shaken up its management team and membership package

SISFA has shaken up its management team and membership package

Managing director Mike Goodall will hand over the reins of managing director to one of the founding directors of SISFA, Michael Lorimer

Many unique SMSF scenarios are beginning to crop up with many more expected to emerge, however no clarification or guidance has been provided to advisers or trustees for these new situations, according to an SMSF industry body.

SISFA will officially launch new membership category levels and their benefits this month, as it puts a greater focus on trustee needs and services.

The difficulties and the questions that have arisen as a result of the application of these rules and the practical implications practitioners have to deal with [means that] they are looking for outcomes and examples that they can take away to use for their clients, SISFA managing director Mike Goodall told selfmanagedsuper

The Self-managed Independent Superannuation Funds Association (SISFA) has called out the Australian Institute of Superannuation Trustees (AIST) for making numerous prejudiced claims against SMSFs.

"SISFA hits back on claims made about the asset allocation of SMSFs and their involvement in the property boom in its latest submission to the Productivity Commission.<br />

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Click here to read the full submission"

"SISFA hits back at union backed fund claims in today's AFR that they have exacerbated Australia's housing affordability problem as wildly overblown.<br />

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In a supplementary submission to a Productivity Commission inquiry, the self-managed sector hit back at several attacks made by the Australian Institute of Superannuation Trustees, including claims that do-it-yourself schemes misallocate capital, deprive the government of revenue and may harm the economy as members age and lose mental capacity."

In a submission to the Productivity Commission we argue that investment performance benchmarking is not a reliable indicator of performance for SMSFs.

Several industry bodies have raised concerns regarding the government’s proposals to implement an exemption to obt..

The maintenance and administration of SMSFs and records under the complex superannuation rules will be a significant challenge for the industry as the legislation assumes the sector operates on real-time data.

The industry must prepare for unintended consequences that will emerge from the complexity of the new superannuation legislation, particularly as the definition of super has not yet been enshrined.

The Self-managed Independent Superannuation Funds Association (SISFA) will call on the government to defer the 1 July 2017 start date for super measures included in the federal budget to allow for a sensible implementation period.

The draft superannuation measures have underlying complexities that will make it harder for SMSF trustees to comply