Published on 28 Mar 03
by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA
The commercial and tax issues which affect SMSFs continue to be one of the least understood areas by trustees and advisers alike. Using a case study approach, this seminar paper considers several SMSF investments and whether
they meet the relevant SIS requirements.
Topics covered include:
- dealing with the ATO and its current move from education to compliance
- formulation of an appropriate Investment Strategy
- sole purpose test considerations
- investment restrictions and exceptions (including lending issues, acquiring assets from members, borrowings, 'in house' assets rule)
- interaction between SMSFs and interests held in unit trusts
- Financial Services Reform Act implications.
Mark is Partner-in- Charge of BDO’s Private Clients & SME Tax Advisory practice in the Melbourne office. Mark is a regular speaker on taxation issues, and a prolific writer, having contributed significant tax commentary through his numerous articles, publications and conference papers. Mark has been interviewed on LateLine Business in relation to current tax issues and is one of the few tax practitioners who has had his work cited in Australia’s Parliament. Mark is a current member of The Tax Institute’s Victorian Technical Committee, and former Chair of The Tax Institute’s National SME Sub-Committee, as well as being a former Victorian State Councillor. Mark has been recently appointed for a second term by the federal government to the Board of Taxation.
- Current at
22 October 2018