Superannuation – Strategic 360

SMSF COVID-19 Audit Relief Extended

COVID19, Superannuation / By resurge-admin2

The ATO has extended COVID-19 relief for SMSF trustees. The relief measures, which protect trustees from COVID-19 related contraventions of the super laws, now extend from the 2019-20, 2020-21 and 2021-22 financial years. The relief measures provide: Residency relief where the pandemic has prevented members from returning to Australia. This measure prevents the SMSF from breaching […]

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Super Guarantee Amnesty Resurrected

The Government has resurrected the Superannuation Guarantee (SG) amensty giving employers that have fallen behind with their SG obligations the ability to “self-correct”. This time however, the incentive of the amnesty is strengthened by harsh penalties for those that fail to take action. Legislation enabling the amnesty is currently before Parliament and if enacted, will