Superannuation: Self-managed super funds & urgent planning issues
Published on 09 Jun 1999
| Took place at Leonda by the Yarra, Hawthorn, VIC
There has been a watershed of change in the self-managed super fund (SMSF) area. The legislation introducing the new investment rules and new definition of SMSF has been released. In addition the ATO take over administration of SMS's from July 1999.
Each tax practitioner with involvement in SMSF work must take stock, restructure their existing practices and make sure their clients comply with the new regime from March 2000. However, planning should commence from July 1999 and practitioners must be on top of these new rules prior to setting up any new super funds from this July.
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