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Fears of Labor’s Trust Tax Impact On SMSFs Eased



The impact of Labor’s trust tax on SMSFs may not be as significant as some have feared, with Labor unlikely to apply a strict legal definition of discretionary trusts to investments such as managed funds, according to a technical expert.

Back in 2017, opposition leader Bill Shorten announced that Labor would reform the taxation of discretionary trusts to prevent income from being allocated to household members in lower tax brackets.


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ASIC Should Withdraw Its SMSF Factsheet

The Australian Securities and Investments Commission (ASIC) should withdraw its Self-Managed Superannuation Fund (SMSF) factsheet because it contains “an array of seemingly deliberate inaccuracies”, a

SMSFA Points To ASIC Fact Sheet Inconsistencies

The SMSF Association has criticised the corporate regulator’s focus on the risks of SMSFs in its mailout campaign targeting new trustees, saying the data sources used in its fact sheet are inconsisten

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