Details of the SMSF Auditor Registration have been eagerly awaited by the industry for months. It is now February and we still have no announcement from Assistant Treasurer Bill Shorten. Maybe it will be announced to coincide with the 2012 Self Managed Super Fund Professionals Association (SPAA) National Conference next week?
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I read with interest that the Institute of Chartered Accountants (ICAA) has used its pre-budget submission to urge the government to reconsider the legislation of up to $10,000 in excess contributions. They have called for the implementation of a full refund of excess contributions regardless of the amount, timing or frequency.
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The pension rules can be a minefield to negotiate and it is so difficult for accountants in public practice keep up with all the changes to GST, Tax, FBT, Etc. Etc. let alone pensions that you may not come across very often. I see mistakes when dealing with pensions all the time, below are five of the common mistakes that I come across.
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I was cleaning up my office at home over the Holiday period and came across some old “Money” magazines. Picking up one that had a special feature on superannuation from October 2002, I flicked through the articles and was interested to see how much things had changed and how much has stayed the same.
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I can't believe how quickly Christmas has come around this year. I am looking forward to sharing Christmas with the family and telling a few stories over a couple of drinks.

There are a few common things that I often hear when I say that I specialise in self-managed superannuation.  Firstly, I hear the comment I don't want to put my money into super because they change the rules all the time. The second common comment I hear is I don't want to invest in superannuation because it is too risky.    
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