Work Test Exemption Explained

Work Test Exemption Explained

There have been some changes to the work test exemption from 1 July 2019. See below further information regarding these changes.  The Work Test – What is it? The work test generally applies from a member’s 65th birthday. To satisfy the test, a member must have...
Independence of a SMSF Auditor – Don’t Risk It!

Independence of a SMSF Auditor – Don’t Risk It!

In the first half of the 2018/2019 financial year, the ATO referred 37 self-managed super funds auditors to ASIC for independence breaches. This operation was part of the ATO crackdown aimed at reviewing SMSF auditors in an attempt to unearth an intentional failure to...