Latest Post

Dunno? Dealing with contributions made in error [VIDEO]


I regularly get asked questions from readers through my blog on issues and strategies relating to self managed super funds, so I thought why not bring these questions to ‘life’ by starting a new regular weekly blog, “Dunno: ask a question”. Each week I will hand-pick a reader question and respond with a video, audio […]

About Aaron Dunn

Aaron is recognised as one of Australia’s leading Self Managed Super Fund experts providing strategic advice and direction for SMSF Trustees and financial services professionals (e.g. accountants, financial planners & lawyers). Aaron is a Specialist SMSF Adviser (SSA), recognised as the highest industry accreditation for SMSF professionals. He is also a Certified Practising Accountant (CPA) and RG146 compliant. Read more about Aaron

Blog Posts

What lies ahead for SMSFs in 2013?


A Happy New Year to all my readers… With the SMSF industry growing strongly, 2013 is likely to provide one of the most challenging and competitive (yet rewarding) periods for SMSF professionals. The year ahead will require practitioners to ‘step-up to the plate’ and be ready for many of the reforms that will reshape the […]

A Christmas Message


I’d like to take this opportunity to wish all my readers a very Merry Christmas and Happy New Year.  I trust you have enjoyed my posts throughout the year and look forward to an even bigger and better 2013. Next year will see a fresh new look for the blog, along with some exciting new […]

The year in review: SMSFs in 2012


It’s been a fascinating year… an Olympic year, with golden memories from London, a diamond jubilee, a Korean named Psy had a billion visits on YouTube in just five months, and the world still lingers on the precipice of further economic turmoil.  It is this global uncertainty that has arguably continued to have the biggest impact on superannuation and […]

What to take from the latest ATO SMSF statistics


Last week saw the release the ATO’s SMSF quarterly statistics (September 2012) which again showed strong growth in fund establishments.  A further 8,183 new funds were setup in the first quarter of 2012-13 financial year, taking the number of SMSFs to 488,576.  Total assets grew to more than $458 billion, which now shows the average […]

WEBINAR: Building an Investment Strategy


The final SMSF Academy webinar for 2012 will take a look at the important elements in Building an SMSF Investment Strategy. Join me for this one-hour session, where we will explore the: Stronger Super reforms impacting a fund’s investment strategy Framework for developing investment strategies Implementation of investment strategies Requirements to appropriately monitor and review […]

GUEST POST: Understand the state jurisdictions when establishing LRBAs


The ATO’s recent release of Taxpayer Alert – TA 2012/7, provide trustees and professionals with a timely reminder about acquisition of property using a Limited Recourse Borrowing Arrangement (LRBA) and also through related unit trusts. Some of the examples of concern raised by the Commissioner in TA 2012/7 surrounding LRBAs suggest individuals are either: oblivious […]

Prevailing market conditions can pose problems in acquiring shares using LRBAs


Whilst most of the attention with limited recourse borrowing arrangements (LRBAs) has centred around property transactions, there has been a need to clarify a range of issues on other acquirable assets, in particular assets allowable as a collection of identical assets under the definition of a single acquirable asset (SAA). It’s not uncommon when placing an […]

The ASIC game-changer for SMSF auditors


The next few months starts a transformation for more than 12,000 SMSF auditors, with ASIC registration to open to become an Approved SMSF Auditor.  This registration is mandatory for all SMSF auditors to continue to conduct self managed super fund audits post 1 July 2013. With about 50% of the SMSF auditors currently auditing 10 […]

Alarms bells ringing with ATO around property investing in SMSFs


After only just discussing the regulatory focus by ASIC on SMSFs and property investments, we have seen further regulatory “alarm bells” ringing through the ATO’s release of taxpayer alert, TA 2012/7.  A Taxpayer Alert is an “early warning” of significant new and emerging higher risk tax and superannuation planning issues or arrangements that the ATO […]

Have SMSFs become the target of property spruikers?


I read with great interest recently in the Australian newspaper, an article titled “Setting up an SMSF to buy property a risky strategy” (13 November 2012) regarding ASIC commissioners Peter Kell and Greg Tanzer focusing a taskforce on aggressive marketing of speculative property developments with SMSF limited recourse borrowing arrangements. Whilst there appears to be a lot […]

Join me for the SMSF Quarterly Wrap webinar


Join me for the next SMSF Quarterly Wrap webinar, where in this one hour session I will be discussing at the latest technical and regulatory issues impacting self managed super funds. The last quarter has been another busy one for SMSFs with changes announced from the Mid-Year Economic & Fiscal Outlook (MYEFO), in particular around […]

What makes a good SMSF administrator?


The growth of the self managed super industry has spawn specialist SMSF administrators, both domestically and abroad.  This specialisation has also extended to many accounting firms who are now also developing in-house solutions, with specialist services in SMSF administration to complement their financial services offering. There has been some debate over the past week within the […]

The truth about SMSFs being mis-sold


I’m pretty passionate about defending the SMSF industry (maybe I’m biased), but it makes my blood boil when representatives from the ‘other side of the fence’ take a few cheap shots at self managed super funds with very little supported data (or none at all).  I’m referring to an article I read in Money Management yesterday prepared […]

MYEFO provides relief on CGT and death benefits


Whilst much of the focus of the Mid-Year Economic and Fiscal Outlook (MYEFO) has been on the need to find dollars ensure the Labor Government delivers a surplus, the report has delivered some much-awaited news for the superannuation sector the final outcomes of the Commissioner’s views regarding TR 2011/D3, in particular when a pension ceases […]

Mid Year outlook outlines an increase to the SMSF Supervisory levy


The Mid-Year Economic & Fiscal Outlook (MYEFO) released today has seen the Government announce a further increase to the SMSF Supervisory levy to $259 for the 2013-14 financial year.  Having seen progressive increases in the supervisory levy since the introduction of the Simpler Super reforms from 1 July 2007, this jump represents the largest increase […]

(C) The SMSF Academy 2012