SMSF rollovers are now being included in SuperStream. As a result, you may receive an email or text message notifying you of your rollover request. Go to Source Author: Australian Taxation Office

Keep up to date with the latest news for large superannuation funds on issues and changes in the administration of Australia's super system. Go to Source Author: Australian Taxation Office

Funds should exclude COVID-19 ERS payments from their PAYG withholding reporting. Including these payments could result in the miscalculation of the tax payable by individuals. Go to Source Author: Australian Taxation Office

Primary producers can claim deductions for capital expenditure incurred on landcare operations, connecting or upgrading mains electricity supply to the business, connecting or extending a phone line and creating shelterbelts

Loans made by private companies to shareholders, and associates of shareholders, for purposes of Division 7A of Part III of the Income Tax Assessment Act 1936. Go to Source Author: Australian Taxation

Borrowers affected by COVID-19 can apply for administrative relief for Division 7A minimum yearly repayments. Go to Source Author: Australian Taxation Office