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G'day Bricklayer, Re (1) - not that I am aware of. Re (2) Yes, existence for all types of investments i.e invest in property, existence is confirmed by title or go and visit the address Re (3) yes, comes down to judgement in the absence of any specific Tax Ruling (refer to 1 - I am not aware...

G'day Bricklayer, First question - are you a bricklayer? if yes, I grew up laying bricks, perhaps we can store gold under the house in the footing? ok stupid joke. When I use the term - ATO not a fan, generally when we talk SMSF we are governed by: - Trust Deed - Investment Strategy All of...

G'day Caput, I'd be pretty pissed if I was told to do it myself - they are a huge administrator and should upload the clients themselves (i'll leave it there) so like you saw in our blog, we registered all of Redwood clients, remember that alot of SMSF Trustees/ members may be travelling or...

G'day Caput, Out of interest did Esuper correspond with you re superstream? As I have a heap of their clients asking us what to do (which is fine!) So, I guess when you get an email from your eligible employer, your ESA will be ESUPERFUND. You will need to register to be compliant (unless...

Hello all, Thought i'd share the Redwood Advisory update on SuperStream with Silverstackers. There are a number of our clients on the forum who would have already received the notification from us, however, many of you would have received a notification from your employer asking for your ESA...

I've had the discussion of the CFMEU on other forums it can turn nasty - so I won't bother expressing my opinion here. As for a royal commission, not sure it will change anything at all. Cheers, Ivan

Thanks NR, has this made the mainstream news (or have I completely missed it)? Extremely serious accusation with major ramifications. Will be interested in the federal police investigation's findings. Cheers, Ivan

G'day knuckleheart, What was the path you chose? did you choose the physical metals route or take the direct shares or ETF route? Cheers Ivan

Nothing new there guys. All corporates have these junkets. What is shocking is that AMP is going through that word yes "transformation" cutting 20% of their workforce, many of which will be in Melbourne. Severe cost cutting hey? AMP has a network of over 4600 FP, most of which don't even sell...

Question is: How does the auditor satisfy existence of the precious metals at year end? You would need to understand if the storage facility will provide the necessary documentation to register the gold in the SMSF name in a foreign jurisdiction (always a problem) and will they measure it at...

Hi Newsilverfan, Before you consider the ATO audit, Each year as you know you will need to have your SMSF audited. The SMSF auditor will need to be satisfied with the existence and valuation of the precious metals held in the SMSF. If you are making a purchase, the auditor will review the...

Hello all, thought I would share a 'Flyer' shared by SPAA on the issue - if you need a word copy shoot me an email and i'll share with you guys given the posts here. Important changes for employers contributing to SMSFs from 1 July 2014 Do you employ 20 or more employees or are you an...

Hi Slam, I can tell you this is causing significant conjecture and confusion around the traps of late. The ATO is useless is assisting people. Cheers, Ivan

Hi Shamatti, sorry to hear you are departing Australia! I worked in the states for acouple of years and could not access my employer benefits until I stayed in the US for 5 years, so it is a benefit in order to access your super. The treatment is different for a temporary and permanent...

Hi Petey, Good question and one that many of our clients encounter in either setting up a SMSF or running an SMSF. The first point is it will depend on your personal circumstances, and how much time you are overseas to satisfy the residency test, and seek advice please before you pack your bags...

Thank you for the kind referral mmm....shiney! so you are from Queensland, our team have been up here since Thursday. Plenty of opportunities in QLD particularly on the property front, great to see many of our clients from GC to Brisbane to Buderim to Noosa. Cheers, Ivan

G'day schowzas77 (spelt it right?), You are in the same position as many Australians at the moment. Remember that letter from AMP increasing fees, that caused an uproar at that organisation as it was not appropriately reviewed. As someone here kindly mentioned, I am a SMSF Administrator, and...

Agree and echo the thoughts of Clawhammer. With any change in my life, its been for the better. Some decisions were mine and some decisions were not. Be positive and stay positive. Depending on your personality, do the 'calc' and plan your next 12 months, i'm sure you will look back and say...

Steps to change from individual trustee to corporate trustee for a Self Managed Super Fund - Trust deed needs to be reviewed to allow the resignation of individual trustees and appointment of corporate trust, generally the trust deed is redrafted to reflect the requirements of a corporate...

I'm pretty sure I have highlighted the differences and benefits and 'considerations' in another post I have made. Let me dig it up and if I cannot fiind the post I will run through the differences in detail later today. Generally if it just you in the fund, as a sole member, you will have to go...