Insights

Latest articles & upcoming events

Super Alert – 20 November 2020

Welcome to the latest issue of the KHQ Super Alert. The long-awaited final report of the Retirement Income Review was published this week by Treasury. ASIC also released a consultation paper seeking industry feedback on affordable advice options for consumers, and a report in relation to insurance in superannuation.   Retirement Income Review – Final report … Read more

Employer obligations: Superannuation Contributions – Myth busting

By Alex Bevacqua, Biya Sun and Prath Balasubramaniam The Australian Taxation Office amnesty for unpaid superannuation ended on 7 September 2020.  Based on the work Alex Bevacqua, Biya Sun and Prath Balasubramaniam have done with corporate clients, human resource managers, payroll officers and legal counsel still have a fundamental misunderstanding in relation to their superannuation obligations … Read more

Super Alert – 2 October 2020

Welcome to this week’s issue of the KHQ Super Alert. APRA has clarified the interaction of JobKeeper payments and the work test for personal contributions, and provided a reminder to trustees about SPS 515 compliance. ASIC has announced that Victorian-based financial advisers will obtain some small relief from non-compliance with certain obligations. APRA – work … Read more

The Carter case: disclaimer finally works!


Posted By and on 28/09/20

The recent Full Federal Court decision in Carter v FCT  [2020] FCAFC 150 (Carter), reported at 2020 WTB 37 [[]], highlights the important issues to be considered in the management of trust distributions and where appropriate, disclaimers. These issues are generally brought into acute focus in ATO audits. In Carter, significant defects in the distribution … Read more