SMSF super splits, the tips and traps – Part 1
Superannuation interests, particularly in SMSFs, require careful handling in family law settlements. Although court orders and binding financial agreements (BFAs) operate to determine the intended Division between the parties, SMSF trustees must still comply with the Superannuation Industry (Supervision) Act 1993 (Cth) (SISA) and the Superannuation Industry (Supervision) Regulations 1994 (Cth) (SISR) to properly implement a split and avoid penalties and compliance risks. This SISA/SISR...
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