Product Disclosure Statements & Related Financial Services Reform Issues Applying to Self Managed Superannuation Funds seminar paper

Published on 11 Mar 04 by VICTORIAN DIVISION, THE TAX INSTITUTE

This seminar paper deals with the impact of the Financial Services Reform on SMSFs. This subject is particularly topical as Financial Services Reform commences on 11 March 2004.

It identifies issues that practitioners and their clients need to be aware of, including:
- does a SMSF need a Product Disclosure Statement (PDS)? - the new FSR exemption for Recognised Accountants advising on SMSFs (announced 11/2/2004)
- what are the content requirements of any PDS?
- what reporting obligations are now imposed on SMSF trustees?
- is a PDS required when commencing a pension that is paid from a SMSF?
- is a PDS required when a change of name of fund or a change of trustee occurs?

Author profile

John Sudano

John is a Senior Associate with Maurice Blackburn Cashman Commercial, Lawyers. He has had extensive experience in advising clients on superannuation, taxation, financial services disclosure, estate planning and trust related matters. John has written a number of articles for the Taxation in Australia Journal, CCH Super News and has presented a number of seminars covering the areas of superannuation, estate planning, and taxation law. John, together with Chris Ketsakidis, are the contributing authors of the superannuation chapters of the Australian Tax Handbook. - Current at 24 January 2007

More by John SUDANO

• The new lump sum rules and strategies paper - 28-February-2007
• Consultation on the superannuation reforms - The Government's recent response and what it means to you - 01-November-2006
• SMSFs and property development through unit trusts and private companies - 01-April-2005
• Q&A: Choice of fund - 01-February-2005
• Q&A: Market linked pensions - 01-November-2004
• Pensions in Self Managed Superannuation Funds & Estate Planning convention paper - 02-April-2004
• Superannuation and Residency - 01-June-2003
• Allocated pensions - 26-February-2002
• PSI and Superannuation - 01-September-2001

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