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Can an SMSF Purchase a Business? Understanding the Risks and Regulations

Self-managed super funds (SMSFs) offer a range of investment options, including the potential to purchase a business. However, this investment strategy comes with risks, and it’s essential to understand the regulatory requirements and compliance obligations involved in such transactions. The Australian Taxation Office (ATO) provides guidelines on SMSF investments, including purchasing a business. In this article, we explore the potential risks and regulatory considerations when an SMSF purchases a business.

What is an SMSF Administrator? The Role of SMSF Administrators in Self Managed Super Fund Management

Discover the vital role that SMSF administrators play in ensuring that self-managed super funds operate in compliance with superannuation laws and regulations. Learn about the investment management services they provide, including guidance on developing an investment strategy, advice on investment options, and monitoring investment performance. While SMSF administrators are not financial advisors or investment managers, they can assist trustees in managing their SMSF investments, freeing up their time to focus on other aspects of fund management.

A Guide to Finding the Right Crypto Tax Calculator in Australia

Are you an Australian crypto investor struggling with calculating your taxes? Look no further! This guide will provide you with all the information you need to find the right crypto tax calculator for your needs. We’ll explain why using a reliable tax calculator is crucial, provide you with a checklist of what to look for, and delve into the guidelines set out by the Australian Taxation Office (ATO) for cryptocurrency taxation.

The Australian Senate’s Final Report on FinTech, Crypto and RegTech: Key Changes and Projected Outcomes

In December 2020, the Australian Senate’s Select Committee on Financial Technology and Regulatory Technology released its final report on the opportunities and challenges facing the country’s FinTech and RegTech industries. The report identified key changes that are needed to support innovation and growth in the financial services sector, including greater regulatory clarity and support for digital currencies. It also made a number of recommendations for regulatory and policy changes to support the growth of these industries in Australia. This article will detail the key changes and projected outcomes of the report, as well as provide references and quotes from the report itself.

Cryptocurrency Scams on SMSFs: How to Protect Your Investments

Self-managed super funds (SMSFs) that invest in cryptocurrencies can be particularly vulnerable to scams and other fraudulent activities. To protect themselves, SMSF investors should consider the risks associated with cryptocurrencies, avoid relying on social media or cold calls, understand the risks of cryptocurrencies, work with a registered financial adviser, and take steps to ensure that their investments are secure. By taking these steps, SMSF investors can reduce the risk of falling victim to cryptocurrency scams and other fraudulent activities.

CRNCY

Australian Crypto News & Analysis