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Tag Archives: SMSF
Superannuation trustees penalised
The trustees of a self managed superannuation fund have been issued penalties of $30,000 and ordered to pay $32,500 in costs for breaching the rules relating to their fund. On 15 October 2007 the Federal Court declared that the trustees … Continue reading
SMSF borrowing ban reversed
The Federal Government has overturned a longstanding ban on borrowing by self-managed superannuation funds (SMSF). Many funds had, for years,been investing in instalment warrants until the Australian Taxation determined that some warrants constituted a borrowing by the fund. Instalment warrants … Continue reading
