The SMSF industry struggles with understanding Part A qualifications. While SMSF auditors must issue them under their ...

Introducing a cooling off period in the process of switching super funds or moving money out of the sector could mitigate the potential loss to fraudulent behaviour, the outgoing ASIC Chair said.

When it comes to contributions using the downsizer strategy there are some rules that need to be considered, a leading technical specialist said.

The SMSF Association said ASIC’s Review of SMSF Establishment Advice (Report 824) is a critical reminder of the need for the SMSF sector to maintain a strong focus on professional advice standards.