Last-minute legislative whirlwinds and their impacts on the SMSF sector
Following a whirlwind of legislative activity in the last few days of the parliamentary sitting calendar for the year, the Senate passed a number of bills via a guillotine motion.
Although the controversial Division 296 tax was not among them after a last-minute reprieve, several other bills were passed that will ultimately affect the SMSF sector.
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In this final episode of the SMSF Adviser Podcast for 2024, hosts Keith Ford and Aaron Dunn, CEO of Smarter SMSF, discuss the implications of these measures.
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Listen as they discuss:
- The perseverance and success of the campaign by the SMSF Association regarding the Division 296 tax.
- The objective of super bill and how it may influence future policy decisions.
- The collapse of wealth management companies, particularly Dixon Advisory, and its impact on the Compensation Scheme of Last Resort.
- The ATO’s updated advice on long-running NALI regulations.
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