High-Balance SMSF Members urged to act ahead of Division 296
Holding a large super balance?
Review your estate planning now to avoid future tax headaches. Speak with Omnis’ specialist super advisers in Perth to prepare for Division 296.
Auditing the valuation of SMSF assets
SMSF Trustees and auditors are still relying on outdated practices and risk breaches, penalties and compliance action.
July 2025 changes and deadlines
Stay on top of key employer obligations for 2025–26, including PAYG, STP, SG payments and updated car depreciation and tax thresholds.
Superannuation death benefits
What you need to know about receiving a superannuation death benefit after someone has died.
Avoid delays releasing super money with these ATO tips
The ATO is reminding self-managed super fund (SMSF) trustees and members to carefully follow the correct steps when a release authority is issued.
Hope remains for $3M super tax changes
The SMSF Association remains hopeful that proposed legislation introducing a 30% tax on superannuation balances above $3 million (Division 296) may still be amended.
Understanding early access to super
Early Super Access: Know the Rules, Avoid the Risks. We explain why accessing your super early can come with serious consequences.
Division 296 Super Tax in Limbo as Federal Election Called
The future of the government’s contentious Division 296 tax has been thrown into uncertainty after Prime Minister Anthony Albanese called a federal election for 3 May 2025, before the legislation could be voted on in the Senate.
When to lodge SMSF annual returns
All trustees of SMSFs with assets as at 30 June 2024 need to lodge an SMSF annual return (‘SAR’) for the 2023/24 financial year.
Valuing fund assets for SMSFs
Essential Asset Valuation for SMSF Trustees: A Yearly Requirement Ensure accurate market value assessments to streamline your SMSF audit and annual return—learn how to provide the necessary evidence and avoid potential delays One of the many responsibilities SMSF trustees have every income year is valuing their fund’s assets at market value. The market value of […]
