655 paragraphs found
See subsection 52B(2)(d)of the SISA, and Regulation 4.09A of the SISR. …
SMSFs are not permitted to lend money or provide financial assistance to members or their relatives [181] and the approved form auditor’s report states that the auditors procedures included “a review of investments to ensure the fund is not providing …
SMSFs are not permitted to borrow money, [183] with the exceptions [184] of borrowings: to pay a benefit, pension or superannuation contribution surcharge liability (no longer levied), for a maximum of 90 days for up to 10 per cent of the value of the …
See section 65 of the SISA. Also refer to ATO Ruling SMSFR 2008/1 Giving financial assistance using the resources of a SMSF to a member or relative of a member that is prohibited for the purposes of subsection 65(1)(b) of the SISA …
Determining whether benefits have been accessed prior to meeting a condition of release is a question of fact and any penalty is at the discretion of the …
See subsection 67(1) of the SISA. Also refer to ATO Ruling SMSFR 2009/2 The meaning of “borrow money” or “maintain an existing borrowing of money” for the purposes of section 67 of the SISA …
See ATO Ruling SMSFR 2012/1 Limited recourse borrowing arrangements – application of key concepts . …