by Audit Your Superfund | Jan 17, 2020 | Blog
Think back, when was your trust deed last updated? A deed should not be a document filed away and never looked at again. A trust deed is an essential legal document that sets out what trustees need to do to comply with the Superannuation Industry (Supervision) Act....
by Audit Your Superfund | Nov 29, 2019 | Blog
Audit Your Superfund is excited to announce we have been awarded the SMSF Adviser’s Editor’s Choice Award for providing outstanding service to our local SMSF community. Audit your Superfund has won the state-based Metro Firm of the Year 2019. AYS’...
by Audit Your Superfund | Nov 13, 2019 | Blog
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...
by Audit Your Superfund | Nov 6, 2019 | Blog
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...
by Audit Your Superfund | Oct 30, 2019 | Blog
What is an Investment Strategy? The investment strategy is not just a required document for a super fund audit, it guides the entire direction of the fund’s investments. An SMSF trustee is required to document an investment strategy that has regard to the...
by Audit Your Superfund | Oct 9, 2019 | Blog
We frequently receive queries from clients asking why the documents they have submitted for their audit must be signed. Often, we receive documents that are partially completed. For example, the document could be signed by the trustees but not dated and therefore...
