Planner Lounge | Company
Planner Lounge
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17.01.2022 A must do for February http://p0.vresp.com/izFOcS #vr4smallbiz
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13.01.2022 Western Sydney Practice for Sale http://p0.vresp.com/X2kLlJ #vr4smallbiz
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12.01.2022 http://www.youtube.com/watch
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07.01.2022 Shape the Future of Financial Advice - Win $2000 Voucher http://p0.vresp.com/E1FGRM #vr4smallbiz
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04.01.2022 Merry X'mas and Happy New Year http://p0.vresp.com/N5qgXp #vr4smallbiz
03.01.2022 A common SMSF breach and how to avoid it By SMSF Education - Save & Share - Leave a Comment The question often arises whether the SMSF is allowed to enter into a transaction with a member or a related party. This is a question that is of great concern to the ATO as it is also one of the most commonly breached areas of SMSF operation. As a compliance focus it relates to whether trustees are meeting their obligations where loans, in-house assets, and non-arms length transactio...ns are concerned. The first step in ensuring that you dont fall foul of these rules is to understand what is defined as a related party. The SIS act defines a related party as any of the following: A member of the fund A relative of a member A standard employer-sponsor of the fund (this is an employer that contributes to the fund under arrangement with the trustee. It does not include contributions made under an arrangement with the member). This type of arrangement is relatively rare in modern trust deeds, however you should check your trust deed and associated minutes to ensure employers contributing to the fund are not considered employer sponsors. A Part 8 associate of a member (this is a complicated area but will generally catch other members and trustees, people you are in a business relationship with, and people related to those people). A Part 8 associate is not limited to individuals, but can include other entities where the member (or a group of people or entities related to the member) can significantly influence or hold a majority voting interest in those entities. If that person or entity that you wish to enter into a transaction with is any of the above, you immediately know that youre entering into the relatively grey area that is related party transactions. This is not to say that the transaction automatically cannot occur, but you should be aware that you will need to be especially careful before you proceed, and there may be limitations on the transaction even if it is...
03.01.2022 http://plannerlounge.com/
02.01.2022 Planning Book for Sale - Brisbane 203k rr http://p0.vresp.com/wk3Z2U #vr4smallbiz
01.01.2022 Planner Lounge to partner with SMSF Education http://p0.vresp.com/VdCm1l #vr4smallbiz
01.01.2022 Group seeking to buy E Melbourne Accounting Practice http://p0.vresp.com/jfRi3b #vr4smallbiz
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- Kilic Engineering
+61 8 8268 5333
15 Birralee Road, Regency Park 5010 Adelaide, SA, Australia
305 likes
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