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.
Current at 07 December 2012
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