Who is your relative for SMSF purposes and why is this relevant?
28 Nov 17 |
AUSTRALIAN TAX WEEK
Issue: Issue 47, 24 Nov 2017
Pages: pp. 1-3
It is important to understand who is an individual’s relative for superannuation law purposes as the Superannuation Industry (Supervision) Act 1993 (Cth) (SISA) imposes certain boundaries on an SMSF’s activities in relation to an individual’s relative or related party. There are two definitions of the term “relative” in the SISA. Oddly, in some circumstances, an individual’s relative may not be their relative under the SISA! This article considers the two definitions of “relative” in the SISA and the main circumstances where these definitions are relevant.
This item is not available for download from this website. Please contact the Tax Institute library for assistance. Charges will apply.
David is a Consultant with DBA Lawyers.
- Current at
01 August 2013