Stapled super funds

New ATO software for stapled super fund details

In December 2022, the ATO is releasing a solution that enables employer software and payroll products to request stapled super funds.  That is, stapled super enabled software will allow the employer to request stapled super details from within their business software, so they will no longer have to request them separately via ATO online services.

SMSFs considering crypto

Caution advised for SMSFs considering crypto

A recent rise in unlicensed advisers offering to assist SMSF trustees to invest in cryptocurrency assets has prompted the ATO to advise caution among trustees and recommend seeking advice only from licensed financial advisers. Acting on advice from unlicensed advisers means the usual consumer protections and access to the Australian Financial Complaints Authority will not…