• no image Changes to Your Superannuation Fund Deed by 30 June 2017

    From 1 July 2017, pensions need to be supported by no more than $1.6 million of assets and tax changes would encourage almost all transition to retirement pensions to cease. The measure will require accurate commutation documents prepared prior to the ...

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  • no image Key Superannuation Changes for July 2017: Estate Planning

    The new rules will require pension accounts to be no more than $1.6 million per person on the commencement of the pension or 1 July 2017 for existing pensions. The Government chose to give no concession whatsoever for the situation of a person who rece...

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  • no image Key Superannuation Changes for July 2017: Pension Limits

    Here is Part 4 of our series on key superannuation changes to come into effect on 1 July 2017. The legislation introduces an extraordinarily complex set of rules designed in summary to limit the amount in the fund that can be held in the tax-free pensi...

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  • no image Key Superannuation Changes for July 2017: Borrowing in Super

    Continuing our series on Key Superannuation Changes for July 2017, we look at how the rules will affect borrowing in super. Notwithstanding that many funds will have quite significant loans to repay, the legislation did not include a concession for co...

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  • no image Key Superannuation Changes for July 2017: Contribution Rules

    In our previous post, we highlighted key superannuation changes due to come into effect on 1 July 2017. This post continues the series by looking at changes to the contribution rules. Much like the period leading up to 2007, there is now a once-off con...

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  • no image Key Superannuation Changes for July 2017

    The main bills have passed, although enshrining of the purpose of superannuation in law has been left for another day. This is the first major overhaul of the superannuation landscape since the changes introduced in 2007, which were, in the intervening...

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  • no image ATO to Get Tougher on Related Party Loans to SMSF’s

    In late 2015, the ATO announced that it expected to see all related party loans to SMSF’s to be on arm’s length terms. Expected compliance is by 30 June 2016. This is a very significant reversal of previous ATO views, and the steps to take are f...

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  • no image Announcing Our Latest Appointment

    Munro Doig is pleased to announce Yikai Hoe’s appointment to the position of Associate from 1 July 2015. Yikai joined Munro Doig in February 2010 as a solicitor in Ron Doig’s superannuation team. Yikai completed his Bachelor of Laws at the Unive...

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  • no image Transfer Duty Concessions: Selling Properties to Your Own Super Fund

    The Western Australian Duties Act 2008 was recently amended in relation to the sale of dutiable assets (e.g. land and buildings) to superannuation funds by their members. Such transactions, when properly structured, may be liable to $20 nominal duty in...

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  • no image Is Your Binding Death Benefit Nomination Precise Enough?

    A recent decision of the Supreme Court in Queensland (the appeal period has now expired) has held that a binding nomination given by a super fund member to the trustee in favour of “the trustee of a deceased estate” was not valid for the purposes of t...

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