David Busoli

Superannuation

Transfer balance account data needs to be made more available

The Australian Taxation Office needs the ability to allow superannuation members to access their transfer balance account data outside its portal to curb confusion with t...

Superannuation

Super trustees could be hit with $4k penalty

The ATO is looking to audit funds that are invested in a single asset class and will slap a penalty on them if the investment strategy does not meet retirement objectives...

SMSF

Clock ticking for SMSF double contributions

As the end of the month approaches, self-managed super fund members with cash to spare are being urged to make a double contribution using an unallocated contribution res...

Superannuation

New pension rules raise adviser workload: SMSF Alliance

New pension rules, combined with the ATO’s revised treatment of some existing practices surrounding exempt current pension income, have increased the workload of administ...

SMSF

Will ALP’s franking credits change drive SMSF membership?

The Federal Opposition’s move to remove franking credits may drive up SMSF membership, according to SMSF Alliance principal, David Busoli. ...

Superannuation

SMSF Alliance warns against untaxed element

An additional 15 per cent tax will be applied to taxable death benefits if the benefits are paid to non-tax dependents, says the SMSF Alliance....

Superannuation

ATO’s position on reserve allocations ‘unreasonable’

SMSF specialist, David Busoli believes the Australian Taxation Office may have been unreasonable in its interpretation of the law on reserve allocations....