News & Media

SISFA News & Media

SISFA has always been a central figure in the superannuation policy debate, and as such regularly appears in the financial media and is sought after for SMSF industry comment.

15/09/2011: SISFA welcomes the ATOs clarification on SMSF borrowing

SISFA has welcomed the announced clarification of borrowing rules to allow SMSFs with property purchased through limited recourse borrowing to make improvements. “It is a practical outcome for trustees and allows for greater flexibility in buying property where the opportunity to add value can enhance the retirement outcome for fund members", says Michael Lorimer, Chairman of SISFA.
CLICK HERE to read the full release.

SISFA Commenting on

13/04/2011 : SISFA Welcomes Urgent Review of Excess Contribution Penalties and Seeks Clarity by 30 June
Three Actions for SMSF Practitioners to Take After Review

The announcement by Assistant Treasurer Bill Shorten that an urgent review of excess contribution penalties is under way is welcome news according to SISFA which represents SMSF practitioners and trustees. SISFA believes that practitioners can take three immediate actions to prepare for a positive outcome from this review. CLICK HERE to read the full article.

29/03/2011: SISFA submission on contribution caps for over 50's

SISFA has made its submission regarding the contribution caps for over 50's. SISFA is concerned the administrative costs of implementing a system of tracking and reporting withdrawals may well exceed or negate the perceived loss to revenue (such as was the case with the implementation of the former superannuation surcharge & Reasonable Benefit Limit (RBL) systems).
CLICK HERE to read full article.