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Audit Fee Quote
Are SMSF audits too expensive?
Self-managed super funds: A statistical overview 2009-10 Table 21: 2010 SMSF audit fees This table illustrates average and median SMSF audit fees reported on the 2010 SMSF annual return. It also distinguishes SMSFs whose auditors performed additional services for the fund and those who only performed the audit service. These figures are estimated based on […]
SMSF Insurance considerations, Market Valuation and keep assets separate
Superannuation Industry (Supervision) Amendment Regulation 2012 (No. 2) – F2012L01654 Key updates: 1. SMSFs to consider insurance for members as part of the fund’s investment strategy, 2. Keep money and other assets of an SMSF separate from those held by a trustee personally and by a standard employer-sponsor or an associate […]
SMSF Limited recourse borrowing arrangements
Limited recourse borrowing arrangements – related party loans Issues raised If a related party lender offers a discounted rate of interest to an SMSF under a section 67A borrowing arrangement, would the discount be considered a contribution received by the SMSF? Can an SMSF enter into a borrowing arrangement under section 67A of the Superannuation […]