SMSF

On 15 July 2026, Class introduced two AI-powered solutions designed to reduce administrative burden and improve client engagement. According to the company, one focuses on turning fund data into clearer client-facing reporting, and the other on speeding up the reconciliation of transactions, which is …

An SMSF's records must capture every relevant transaction and holding accurately, and much of that information originates outside the fund's own accounts. Share registries hold details of registered ownership, dividends and corporate actions; banks hold cash movements. Assembling this data manually is slow and …

From 10 August 2026, new limited recourse borrowing arrangements (LRBAs) can no longer be used to acquire standard residentialInvestmentproperties. Borrowing to acquire real property is now limited to premises used wholly and exclusively in carrying on a business.

For SMSF retirees, this slow effect matters because retirement can span decades. Small annual changes in the cost of living can compound over time and influence how effectively a fund supports a member’s lifestyle, future needs and potential legacy plans.

A contribution interacts with several parts of an SMSF, including theInvestmentstrategy, contribution limits, member eligibility and record-keeping requirements.

Failing to meet the minimum pension requirement, even by a relatively small amount, can in some circumstances result in the income stream being treated as having ceased for tax purposes. This may affect the fund’s access to valuable tax concessions and create additional reporting …

The ATO has highlighted auditor independence, high-risk auditors and high-volume auditors as areas of focus. At the same time, the Auditor Contravention Report (ACR) process means issues identified during an audit can lead to further regulatory attention.