SMSF Trustee Education

“Major pitfalls” for SMSF trustees who don’t understand obligations

A Charles Sturt University professor has warned of the potential “major pitfalls” for SMSF trustees who don’t understand their obligations as trustees. “People must not assume that their tax agent or accountant are totally responsible for the operation and reporting of their funds,” said Professor Adam Steen, from Charles Sturt University’s (CSU) School of… Read More »“Major pitfalls” for SMSF trustees who don’t understand obligations

ATO SMSF videos: individual v corporate trustee, declaration

The ATO has published two new videos aimed at SMSF trustees, this time covering the differences between individual and corporate trustees for SMSFs, and the SMSF trustee declaration.

SMSF – individual or corporate trustees

“Deciding on the type of SMSF trustee is important. This video will help explain the difference between individual trustees and corporate trustees?”

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ATO SMSF trustee webinars: August/September 2014

ATO SMSF webinarsThe ATO has announced another round of webinars aimed at SMSF Trustees, including:

  • Self-managed super funds for trustees – an overview
  • Self-managed super funds – accepting contributions and managing investments
  • Self-managed super funds – accessing your super

Self-managed super funds for trustees – an overview is the ATO-provided course eligible to fulfill a SMSF trustee Education Direction, the other authorised option being provided by CAANZ/CPA.

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ATO SMSF trustee videos: investment strategy & loans

The ATO has published two new videos aimed at educating SMSF trustees. Given the ATOs goal of providing “new online tools and resources for SMSF trustees and auditors” contained in the recently published ATO Corporate Plan we can expect to see more of these videos, and other similar projects, to explain the super rules to trustees.

SMSF investment strategy

This video is aimed at explaining the requirements of a SIS-compliant SMSF investment strategy to SMSF trustees:

 “Your SMSF’s investment strategy is the framework that guides your investment decisions. It pays to have a good investment strategy that is regularly reviewed. Watch this video to learn what factors your SMSF’s investment strategy needs to take into account.”

 SMSF loans and early access

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Video: ATO – SMSF Sole Purpose Test

For those who missed it, the ATO recently published this video about SMSFs and the Sole Purpose Test: http://www.youtube.com/watch?v=u34EYanp0v4