The 2018 Australian Federal Budget promises to strengthen the economy, create jobs and cut taxes. Treasurer Scott Morrison, who turns 50 this year, again tinkered with – or is it fine-tuned? – superannuation and retirement.
After a long transition period, Regulation 7.1.29A, the accountants’ exemption for giving SMSF advice, has finally been repealed.
Medium to large employers have a short time to go to comply with the new SuperStream requirements for superannuation contributions.
It seems as if hardly a week goes by without some form of criticism in the media aimed at SMSFs and their trustees.