Administering and Reporting

Updated as of 30 April 2025 Gain an overview of the 2025/26 financial year contribution caps, benefit payments, eligibility and more with our helpful Super Reference Guide.  The 2025/26 Super Reference Guide is a useful and quick reference to help you and your self managed super fund step through the year with confidence. Download your…

Written by Fabian Bussoletti, Technical Manager, SMSF Association Despite the lingering possibility of the proposed new Division 296 tax being introduced, recently released ATO statistics point toward a resilient and mature SMSF sector – which continues to grow and evolve. According to the ATO’s SMSF statistical overview 2022-23, at 30 June 2024 there were over…

Written by Fabian Bussoletti, Technical Manager, SMSF Association According to the latest data from the Australian Bureau of Statistics (ABS) released yesterday, the Consumer Price Index (CPI) rose 0.2 per cent in the December 2024 quarter and 2.4 per cent annually. While this may have broader implications for the economy, from a superannuation strategy perspective,…

Written by Peter Burgess, CEO, SMSF Association No one begrudges Treasury’s advice that Australia should have a fair and equitable superannuation system. However, continual claims that the proposed new tax on large superannuation balances will only affect a tiny minority and is in the national interest are shortsighted and fail to consider the ripple effect…

Written by Mary Simmons, Head of Technical, SMSF Association When establishing a Self-Managed Super Fund (SMSF), one of the first decisions trustees must make is to choose between an individual trustee or a corporate trustee structure. While both options are legally acceptable, there are many reasons why many opt for a corporate trustee. Over the…

Written by Mary Simmons, Head of Technical, SMSF Association Scams Awareness Week is the perfect time to highlight the Australian Taxation Office’s (ATO) ongoing efforts to crack down on promoters of illegal early release (IER) schemes. As an SMSF trustee, it’s essential to understand both the ATO’s role in taking action against these promoters and…

  This article has been reproduced with permission from ASX Limited ABN 98 008 624 691 and its related bodies corporate (“ASX”). The article was first published on ASX’s website on 7 June 2024. Written by Mary Simmons, Head of Technical, SMSF Association The New Financial Year is a good time to review Self-Managed Superannuation…

Updated as of 21 May 2024 Gain an overview of the 2024/25 financial year contribution caps, benefit payments, eligibility and more with our helpful Super Reference Guide.  The 2024/25 Super Reference Guide is a useful and quick reference to help you and your self managed super fund step through the year with confidence. Download your…

Written by Fabian Bussoletti, Technical Manager, SMSF Association Each year, several key superannuation rates and thresholds are indexed in line with movements to Average Weekly Ordinary Time Earnings (AWOTE) or the Consumer Price Index (CPI). Following the recent release of these key statistics by the Australian Bureau of Statistics (ABS), the ATO has officially released…

Written by Mary Simmons, Head of Technical, SMSF Association In mid March 2024, the Australian Taxation Office (ATO) launched a crucial update to the Small Business Superannuation Clearing House (SBSCH). This update introduces a new feature: SMSF bank account validation. This change aims to increase the accuracy and safety of super contributions for everyone involved.…