AUSTRALIAN SMSF AUDIT EXPERTS

 

COVID-19 RESOURCES* - MAY 2020

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Providing concessions for the LRBA in my SMSF

 

If your SMSF has a related party loan and is impacted due to the financial effects of COVID-19, you may be able to provide your LRBA with relief under an agreed commercial arrangement.

Click here to download the white label document.

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Providing rental relief for the tenant in my SMSF property

 

If your SMSF has a property and a tenant in financial distress, you may be able to provide your tenant with rental relief under an agreed commercial arrangement. This may even be the case when the tenant is a related party or yourself.

Click here to download the white label document.

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Early access of superannuation

 

The Government recently announced measures that allow individuals affected by the economic impacts of COVID-19 access a limited amount of their superannuation early. Making the decision to access superannuation early is a significant one and if possible, should be encompassed by financial advice. You can brand this informative document with your organisation’s logo and contact details before sending to clients encouraging them to get in contact with you to discuss their specific circumstances in more detail.

Click here to download the white label document.

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COVID-19: The Government’s economic stimulus packages explained

 

Over the past two weeks the Government has announced two economic stimulus packages to cushion the economic impact of the Coronavirus. A total of $189 billion is being injected into the economy by all arms of Government in order to keep Australians in work and businesses in business.

Click here to download the white label document.

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*Source: SMSF Association
*Disclaimer: Technical Papers contain general advice only and are prepared without taking into account particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to the individual circumstances of your client. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001. No unauthorised reproduction permitted. © SMSF Association 2019

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