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Insurance in SMSFs - The changes and practical implications paper

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.

Author profile:

Tasha NAIGE
Current at 07 December 2012 Click here to expand/collapse more articles by Tasha NAIGE.
 

 

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