Media Page

Recent Media Releases:

 

11 October 2021

Superannuation member benefit vs superannuation death benefit

 

1 October 2021

Must SMSF BDBNs comply with the 2 witness and 3-year validity rules?

 

27 September 2021

Mutual funds – they’re on their way

 

24 September 2021

Interdependency relationship: not a catch-all to be a dependant

 

22 September 2021

Does a discretionary trust protect beneficiaries? Part 1

 

16 September 2021

What to consider when updating SMSF trust deed

 

6 September 2021

Centrelink status of pensions – the Reiter case

 

2 September 2021

ATO to provide super details in Family Law property matters

 

24 August 2021

SMSF: When a member has a terminal medical condition

 

19 August 2021

Where does a company ‘reside’ for tax purposes?

 

18 August 2021

Best interest now best financial interests

 

13 August 2021

Changing your mind about your Enduring power of Attorney

 

10 August 2021

Can an SMSF sell a collectable to a related party?

 

5 August 2021

Downsizer contributions - evidence required by the auditor

 

30 July 2021

Stamp duty exemptions for principal places of residence

 

27 July 2021

Background to making a company director personally liable

 

20 July 2021

Are you up to speed on the latest process to rollover a member of an SMSF?

 

16 July 2021

New measure for company processes using technology

 

30 June 2021

SUPERCentral’s Michael Hallinan reviews recent superannuation changes

 

28 June 2021

SMSFs transacting with former spouse, cousins or friends

 

25 June 2021

The impact of Transfer Balance Cap indexation

 

17 June 2021

What happens when the last surviving trustee dies?

 

9 June 2021

Watch out for ATO penalty units

 

8 June 2021

Hands off! Getting money back from a trustee

 

2 June 2021

Pension asset CGT exemption from NALI ends 30 June 2021

 

28 May 2021

Federal Budget 2021 – Super Changes

 

24 May 2021

When you have seen one blended family – you’ve seen one blended family

 

20 May 2021

SUPERCentral’s SMSF bulk update process

 

18 May 2021

When things go wrong SUPERCentral may be your solution

 

5 May 2021

SMSFs and binding death benefit nominations – where is your limit?

 

30 April 2021

Commutation of a child pension

 

24 March 2021

The 6-member super fund is for more than just big families

 

18 March 2021

Can an SMSF member with a majority interest in the fund expel another member?

 

12 March 2021

Employees can undermine your business sale

 

11 March 2021

SMSF death benefits – the case for flexibility

 

5 March 2021

Uncertain future of attorneys making BDBNs for their principals

 

4 March 2021

Benefitting a non-dependant from your super

 

9 December 2020

Getting your estate documents together

 

4 December 2020

Reversionary pensions that don't revert

 

30 November 2020

SMSF valuation requirements (for trustees)

 

11 November 2020

Choosing an investment structure to meet in-house asset rule

 

26 October 2020

Low interest rates prompting LRBA refinancing

 

22 October 2020

Mistreated parent - Loss of inheritance

 

15 October 2020

Six-member SMSF as pooled investment structure

 

13 October 2020

Asset Rich Cash Poor: Meeting cash obligations with all eggs in one basket

 

6 October 2020

SMSFs wanting six members – Townsends Law ready to assist

 

31 August 2020

SMSFs and derivatives – a potential diversification option

 

28 August 2020

COVID-19 rent deferral IHA relief

 

18 August 2020

Working through live-in aged carer issues

 

13 August 2020

New testamentary trust law

 

10 August 2020

Five traps for SMSFs buying off-the-plan

 

28 July 2020

TBAR Lodgement – pension commencement

 

21 July 2020

Superannuation proceeds trust: excepted income changes

 

17 July 2020

Why every property investor needs a Testamentary Trust Will

 

15 July 2020

May be impossible to make a watertight Will in NSW

 

9 July 2020

Does-your-SMSF-need-to-take-out-life-insurance?

 

2 July 2020

LRBAs are one of the reasons for having an SMSF

 

24 June 2020

SUPERCentral announces next estate planning course

 

19 June 2020

Why every property investor should consider a testamentary trust Will

 

17 June 2020

Documenting SMSF COVID-19 rent relief

 

16 June 2020

Succession planning for companies

 

10 June 2020

Is your SMSF the next Donald Trump?

 

9 June 2020

ATO concerns with SMSF property development

 

4 June 2020

Electronic company document execution

 

27 May 2020

Plan B: SMSF pension strategies during the COVD-19 recession

 

26 May 2020

Can rent relief granted by a landlord SMSF amount to a breach of superannuation law?

 

18 May 2020

Witnessing legal documents in NSW during COVID-19

 

20 April 2020

SMSFs selling geared equities which the Fund borrowed to buy

 

15 April 2020

What trustees need to consider in closing an SMSF?

 

6 April 2020

Who pays stay-at-home employees if they won't get Job Keeper?

 

2 April 2020

COVID-19 – Summary on early release of superannuation

 

31 March 2020

Super splitting is more than agreement between the parties

 

30 March 2020

The limits of generosity: providing a RAD for a parent

 

9 March 2020

Overcoming Asian reluctance to estate planning

 

5 March 2020

SMSF owning property jointly with another entity

 

4 March 2020

Do bushfires plus financial hardship equal early access to your super?

 

2 March 2020

ATO investment strategy guidelines update

 

28 February 2020

Acquiring an SMSF property without LRBA in place

 

14 February 2020

Should your attorney have carte blanche over your super?

 

11 February 2020

What to do if there’s been a mistake with an agreement or transaction

11 February 2020

Your SMSF running a B&B? You’re dreaming

 

17 December 2019

Don't undervalue importance of compliance documents

 

13 December 2019

Is your corporate trustee 'asset specific'?

 

12 December 2019

New law clarifies minor's tax on testamentary trust income

 

9 December 2019

Selling member’s business real estate into SMSF

 

6 December 2019

Beware estate planning issues with aged care

 

29 November 2019

Can grandchildren be beneficiaries of BDNs?

 

25 November 2019

Substituting your SMSF when off-the-plan is off-the-rails

 

22 November 2019

Probate - a detailed overview from SUPERCentral

 

14 November 2019

Maria Siu joins Townsends Lawyers and SUPERCentral as Special Counsel

 

1 November 2019

Commercially focused SMSFs numbers could grow

 

29 October 2019

Only SMSFs offer sophisticated estate planning

 

1 October 2019

Helping one of your children with a home deposit

 

27 September 2019

When is a residential property a business real property in relation to an SMSF?

 

25 September 2019

What can a widow expect from husband's estate?

 

13 September 2019

Is it possible to admit your child as a member to your SMSF?

 

9 September 2019

Revocation of an Enduring Power of Attorney

 

4 September 2019

The chance to resign - a poison chalice in dismissal claims

 

29 August 2019

Minimising assets in an estate that is subject to challenge

 

2 August 2019

SMSF property development - issues to consider

 

8 July 2019

Can grandparents protect their grandkids' inheritance?

 

3 July 2019

Loans under Division 7A and the ATO’s Safe Harbour guidelines

 

6 June 2019

Brace yourselves - A claim against your Will is coming

 

10 May 2019

Not sure where to start? Ask.Will™

 

3 May 2019

The Pitfalls of a Homemade Will

 

12 April 2019

ATO - Key superannuation thresholds for 2019/20

 

2 April 2019

Jumbo SMSFs and individual trustees

 

18 March 2019

Can an SMSF be liable for foreign purchaser surcharge duty?

 

14 March 2019

SMSFs: Untouched by Hayne; Jumbo size; Unwinding LRBAs

 

7 March 2019

What is collaborate intergenerational estate planning?

 

04 Mar 2019

SuperCentral asks Trustees: Where is your trust deed?

 

20 Feb 2019

Avoid surprises after divorce with a family provision waiver

 
15 February 2019
 
A Will should be updated or reviewed every three years
 
 
25 January 2019
 
What happens if you don't have an estate plan in place?
 
 
08 December 2018
 
Blended families: how to look after second spouse and not risk kids' inheritance
 
 
07 November 2018
 
What happens to a testator’s Will after divorce?
 
 
01 Nov 2018
 
How to get SMSF binding nominations right
 
 
 
29 Oct 2018
 
When gifting your estate, why stop at grandchildren?
 
 
 
25 Oct 2018
 
Work test exempt contributions (aka ‘last drinks contributions’) details now released
 
 
 
19 Oct 2018
 
Over $5 million in super released for first home buyers scheme
 
 
 
15 Oct 2018
 
Can an email serve as a good notice under a contract?
 
 
 
08 Oct 2018
 
Can an SMSF lease residential property to a related party?
 
 
 
21 Sep 2018
 
Excess transfer balance determinations now being issued by ATO
 
 
 
13 Sep 2018
 
Can you really disentitle a person from your Will?
 
 
 
10 Sep 2018
 
10 steps in assessing a clients mental or legal capacity
 
 
 
11 Aug 2018
 
SUPERCentral announces the launch of Ask.Will™ for estate planning SUPERCentral today announced it would be launching a first-to-market, estate planning tool, Ask.Will™
 
 
 
04 Aug 2018
 
Court sheds light on an enduring attorney’s right to extend a BDBN
 
 
 
11 Jul 2018
 
10 ways to protect your SMSF from loss of mental capacity

 

June 2018

SMSF member limit to increase from four to six
One of the key changes from this year’s budget is the Government’s proposal to increase the maximum permitted number of members in a self-managed superannuation fund from four to six members. 

Bankruptcy and SMSF trusteeship
John and Mary are individual trustees of their SMSF. John has incurred quite a substantial amount of unmanageable debts and recently entered into a voluntary bankruptcy. John is unsure what he should do as a trustee in these circumstances.

New LRBA rules to apply after 1 July 2018
A new piece of legislation giving effect to proposed measures announced during the 2018 Budget in respect of limited recourse borrowing arrangements (‘LRBA’) is currently being discussed by Parliament.

 

May 2018

Which country, which will?
The Victorian case of Re Tang [2017] looked at a raft of issues that arose when the deceased had assets in both Australia and China.

The deceased was an Australian citizen who resided in China. Although, the majority of his personal estate was held in China the deceased did hold some personal assets in Australia. These assets included two bank accounts which he left to his mother on a hand written note in Chinese which did not name an executor and was not witnessed. In other words the note did not meet the formal requirements to be a will in Victoria.

 

April 2018

The Commission’s ‘Reality’ is Not Real
“ witch hunt - an intensive effort to discover and expose disloyalty, subversion, dishonesty, or the like, usually based on slight, doubtful, or irrelevant evidence” – dictionary.com

Financial planners in this country are copping a kicking that they just don’t deserve. Having watched the Royal Commission dish it out, and then read the media’s ‘outrage’, I smell a witch hunt and I simply have to point out some things which seem to have been missed in all the “courtroom drama”.

Dividend imputation: Is class war raging?
Proponents argue the current system of Australian Tax Office cash refunds for unused imputation credits--a measure introduced by the Howard-Costello Liberal Government in 2000 in an update to the original Hawke-Keating's Labor Government dividend imputation regime--is unsustainable

Auditor says ‘safe harbour’ terms are mandatory – what now?
Would an SMSF trustee decision not to adopt the safe harbour terms from the ATO’s Guidelines in relation to a related party loan breach the Superannuation Industry (Supervision) Act SIS (Act)?

 

March 2018

‘Last golden opportunity for LRBAs’, warns lawyer
With the government’s proposed measures for LRBAs likely to enter Parliament soon, SMSF clients considering an LRBA may want to initiate these strategies before 30 June this year, says an industry lawyer.

Crypto assets rewrite estate planning
Complex cryptocurrency assets are driving financial advisers to reconsider their clients' digital lives and the impact this has on estate planning.

Company deregistration errors spur litigation risk
SMSF practitioners have been told to approach the voluntary deregistration of companies carefully with clients, with some professionals landing themselves in court where the deregistration caused adverse outcomes.

Appoint new trustees to deregistered companies
Alternative recourse is available to SMSFs when the company acting as the fund's corporate trustee has been deregistered, with the appointment of new corporate trustees an option, according to a law firm.

Draft law unclear on LRBA additional finance
The draft legislation outlining how limited recourse borrowing arrangements (LRBA) will impact on total superannuation balances does not provide clarity on what will happen if an SMSF member requires additional finance under the refinancing of current LRBAs.

10 things to know about downsizer contributions
Australians will be able to contribute certain proceeds from home sales to their superannuation from 1 July, but there are a number of factors to consider.

What to do with your SMSF if you're posted overseas (and don't want a tax hike)
Imagine being posted overseas for a few years and coming back to Australia to face a whopping tax bill. That's what's likely if you run a self-managed superannuation fund (SMSF) and you don't plan ahead for the period you are away.

 

February 2018

Family trusts a growing force in the Australian economy
Family trusts have always been an important structure for business planning, tax planning and estate planning, mainly due to their tax efficiency, asset protection, flexibility and succession possibilities.

Townsends promotes Hartley
Townsends Business and Corporate Lawyers has promoted Julie Hartley to associate, continuing her focus on the self-managed superannuation funds (SMSF) space.

Dual structures: the ‘ideal retirement strategy’?
In the wake of the super changes, it's clear that a dual trust and SMSF structure is the best retirement strategy, a superannuation planner has argued. 

 

January 2018

Following the government’s decision to deny tax deductions for SMSF trustees’ travel expenses when visiting investment properties, a solicitor has highlighted which investment vehicles can still claim travel expenses.
Solicitor at Townsends Business & Corporate Lawyers, Elizabeth Wang said SMSF trustees should be aware that the federal government’s 2017-18 budget revealed government intentions to deny all travel deductions associated with the inspection, maintenance or rent collection for residential investment properties.

SMSFs and discretionary trusts often feature family members in positions of corporate trustees and directors, so kicking a director out can be a sensitive matter.
However, there are steps that can be taken, says Townsends Business & Corporate Lawyers solicitor, Natasha Ng.

Appointing a reversionary beneficiary
We often get asked by clients, can a reversionary beneficiary be nominated after a pension has commenced? However, before nominating a reversionary beneficiary it is important to examine who can be nominated as a reversionary beneficiary.

Legal shift disqualifies popular SMSF tax deduction
Recent legislation changes to allowable tax deductions may have implications for SMSF trustees who hold investment property in their fund, writes Elizabeth Wang.

Take BDBNs seriously to avoid breach
Treating binding death benefit nominations (BDBN) as a mere formality when commencing a superannuation account can lead to financial services licensees cutting corners, but this is not an endemic issue in the industry, according to a legal expert.