28. February 2016

Director Penalty Notices

Director Penalty Notices The Director Penalty regime is contained within Division 269 in Schedule 1 to the Taxation Administration Act 1953 (TAA). Overview Directors of Australian companies have a legal responsibility to ensure that their company meets its employee obligations…

31. August 2016

CGT 6 year Rule

Extending the main residence exemption to investment properties In Australian federal tax, one of the advantages of an individual owing their own home is the exemption to Income tax under the Main Residence exemption under Subdivision 118-B of Income Tax…

27. September 2016

SMSF and Personal Bankruptcy

Bankruptcy and SMSFs When an individual suffers bankruptcy, one of the last things they consider is their Self-Managed Superannuation Fund (SMSF). When a Trustee becomes insolvent or is declared bankrupt, they are classified as a disqualified person. A disqualified person…