Aug 1, 2022 | Superannuation advice

The SMSF Association Technical Summit 2022 – Things you really need to know in relation to SMSF

Olivia Long – Managing Director SMSF

Olivia Long and Karen Dezdjek recently attended the SMSF technical summit on the Gold Coast. Here’s a few tips that may be of use.

All ATO SMSF Covid Relief ended on 30 June 2022

Please make sure any 13.22C rental relief and related party rental agreements, reductions, waivers or deferrals have ended on 30 June. You may need to remind your clients that all rental agreements need to be reviewed and updated.

Director ID Requirements

Did you know, any new Directors must apply for their Director ID at least one day before they are appointed as a Director to a Company.

Please ensure your company incorporation dates are at least one day after the Director ID. Auditors will be on the look out for this.

Enduring Power of Attorney

Please keep in mind – where an EPOA is invoked, the Individual must apply for a Director ID prior to the appointment.

Have a technical query?

Just a reminder your SMSF technical team are happy to chat to you at any time. Feel free to call Karen Dezdjek or Tom Davies at our office.

The information in this article contains general advice and is provided by Primestock Securities Ltd AFSL 239180. That advice has been prepared without taking your personal objectives, financial situation or needs into account. Before acting on this general advice, you should consider the appropriateness of it having regard to your personal objectives, financial situation and needs. You should obtain and read the Product Disclosure Statement (PDS) before making any decision to acquire any financial product referred to in this article. Please refer to the FSG (primefinancial.com.au/fsg) for contact information and information about remuneration and associations with product issuers. This information should not be relied upon as a substitute for professional advice, and we encourage you to seek specific advice from your professional adviser before making a decision on the matters discussed in this article. Information in this article is current at the date of this article, and we have no obligation to update or revise it as a result of any change in events, circumstances or conditions upon which it is based.

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