News & Media

Read the latest news and SMSF strategies online with Aquila Super.

The (many) cases of the overly lenient landlord

In recent times the ATO has significantly increased its focus on any and all related-party dealings with SMSFs, including those involving related-party tenants. As a result accountants and SMSF auditors are increasingly applying additional scrutiny.

Top tips for a smooth SMSF independence transition

We’re now at the pointy end of the compliance deadline, though we expect a substantial proportion of the accounting industry will be not SMSF independence ready and are heavily relying on the expectation and good nature of the ATO to indefinitely extend deadlines. Conversely, the ATO is providing consistent signals that it is becoming less tolerant.

A tale from the audit crypt: The case of the errant duck

I have previously written in other articles of the dangers of complicated transactions involving SMSFs: dangers that typically arise due to a lack of knowledge relating to specific sections of the SIS Act or how the regulator is now interpreting them.

Top 10 tips to becoming SMSF independence compliant in anticipation of imminent legislative change

The million-dollar question for most accounting firms right now is: Should our firm stay in, or exit, the SMSF auditing space?

The revenge of the restructured unit trust

An inevitable part of being a professional in the SMSF space is that, occasionally, trustees will seek to venture away from the calm and unexciting waters of listed shares and term deposits and wade into the dangerous waters of semi-related unit trusts.

Accountants urged to conduct due diligence analysis to minimise APES110 disruption

Firms are urged to “grab the bull by the horns” and proactively adopt new SMSF independence measures.

The arm’s length test

Is there a legal requirement to have a commercial lease in place with unrelated tenants?

The 6 Stages of APES110 emotional upheaval

There is a growing realisation within the industry that a substantial number of accounting and administration firms will be impacted by the new Independence Guide issued under APES110.