Published on 22 Nov 13
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
Given the pace and breadth of changes in the superannuation industry over the past few years, it is easy for the implications of some changes to be overlooked amongst the deluge. The new insurance operating standards under the SIS Regulations might be one such area. This paper addresses the role of insurance in SMSFs in the new regulatory environment, with a particular focus on:
- the requirement for trustees to consider insurance
- permitted types of insurance from 1 July 2014
- grandfathering arrangements
- the potential impact of the changes on insurance strategies in SMSFs.
Tasha Naige is a senior commercial lawyer at DMAW Lawyers who specialises in superannuation law. She advises on the full range of superannuation-related matters for both large funds and self-managed superannuation funds. Tasha is often engaged to provide investment structuring, compliance and death benefit nomination/payment advice to trustees of self-managed superannuation funds - including in complex areas. She is a regular speaker at various tax and superannuation forums, and has presented for The Tax Institute, ASFA (Association of Superannuation Funds of Australia), and at the Law Council of Australia's National Superannuation Law Conference.
- Current at
24 July 2015