https://www.pbis.co/news-blogs/ vi Sat, 14 Mar 2026 18:03:00 GMT Sat, 14 Mar 2026 18:03:00 GMT https://www.pbis.co/rss/ https://www.pbis.co/uploads/logo_994d1c0fc49db6f2d3ea3b853d28c84f.png https://www.pbis.co/news-blogs/ 144 56 https://www.pbis.co/news-blogs/division-296-is-reshaping-smsf-advice-firms-that-move-first-will-win-57.html Division 296 has quickly become the central issue in the SMSF and superannuation market. It is shaping legislative discussion, technical strategy, CPD agendas, and client sentiment across the profession. For accounting firms, this is not simply another policy development. It is a major client advisory issue that requires immediate attention.]]> Sat, 14 Mar 2026 18:03:00 GMT https://www.pbis.co/news-blogs/the-division-296-legislation-has-passed-what-s-next-56.html The Division 296 bill may have passed through Parliament but there are still a lot of unknowns as to the operational elements.]]> Sat, 14 Mar 2026 10:03:00 GMT https://www.pbis.co/news-blogs/career-opportunities-a-pbis-accountant-australian-taxation-smsf-38.html PBIS promotes a culture of highly motivated, professional, and happy working environment. We are welcome experienced team members as well as fresh new graduates with the aspiration to success to join PBIS team where your career path are solid and contributions are highly appreciated.]]> Sat, 14 Mar 2026 07:03:00 GMT https://www.pbis.co/news-blogs/cash-is-king-as-smsfs-rethink-investment-strategies-54.html SMSFs are increasingly allocating their funds into cash and cash products as economic headwinds impact the share market according to the latest Vanguard Investment Trends report.]]> Thu, 20 Jul 2023 08:07:00 GMT https://www.pbis.co/news-blogs/australian-accountants-on-managing-crypto-tax-53.html Find out how other Australian accountants are managing clients who come to them with a crypto tax nightmare.]]> Thu, 20 Jul 2023 08:07:00 GMT https://www.pbis.co/news-blogs/changes-to-minimum-annual-payments-for-super-income-streams-52.html The ATO is reminding SMSFs that for the 2023–24 financial year the 50 per cent reduction in the minimum pension drawdown rate will no longer apply.]]> Tue, 13 Jun 2023 02:06:00 GMT https://www.pbis.co/news-blogs/ato-now-issuing-division-293-assessment-notices-51.html Individuals and advisers dealing with SMSFs are being urged to check to see if they have received a Division 293 assessment.]]> Thu, 30 Mar 2023 07:03:00 GMT https://www.pbis.co/news-blogs/smsf-total-lrba-contract-needs-checking-50.html SMSF members seeking evidence a related-party limited recourse borrowing arrangement (LRBA) has been made on commercial terms should examine if the entire contract arrangement, and not just the rate, fits that criteria, an SMSF administrator has recommended.]]> Fri, 19 Aug 2022 01:08:00 GMT https://www.pbis.co/news-blogs/superstream-reporting-standard-extended-to-smsf-rollovers-from-1-october-2021-48.html From 1 October 2021 SMSFs are required to transact in the Superannuation data and payment standard (the SuperStream standards) for rollovers. This means you will need to use SuperStream to process rollovers (other than in-specie rollovers) to or from your SMSF.]]> Mon, 27 Jun 2022 09:06:00 GMT https://www.pbis.co/news-blogs/crypto-ownership-requires-focus-47.html The ATO has specifically reminded advisers to ensure any cryptocurrency assets intended to be held by an SMSF reflect the correct and proper ownership credentials and documentation.]]> Wed, 15 Jun 2022 08:06:00 GMT https://www.pbis.co/news-blogs/ato-issues-warning-to-late-lodging-smsfs-46.html The ATO has reminded SMSFs that their 2020-21 SMSF annual return should now be lodged unless they have received an extension.]]> Wed, 15 Jun 2022 08:06:00 GMT https://www.pbis.co/news-blogs/safe-harbour-interest-rate-rises-for-related-party-loans-45.html The interest rate for related-party loans relying on the ATO’s safe harbour terms has been increased for the 2022-23 financial year.]]> Wed, 15 Jun 2022 08:06:00 GMT https://www.pbis.co/news-blogs/ato-scales-up-smsf-compliance-program-as-acrs-rise-44.html The ATO is seeing some indications of heightened risk in the SMSF sector, with auditor contravention reports for the 2022 income year up 22 per cent so far.]]> Mon, 4 Apr 2022 08:04:00 GMT https://www.pbis.co/news-blogs/ato-stats-reveal-a-healthy-sector-43.html If you thought reading ATO statistics would be a sure-fire cure for insomnia, you would be wrong. Or, more accurately, you would be wrong if you were an SMSF trustee casting your eye over the ATO’s SMSF statistical overview for 2016/17. Because despite what all the naysayers say about SMSFs, and there’s no shortage of them, this overview paints a very glowing picture of this superannuation sector.]]> Wed, 23 Mar 2022 05:03:00 GMT https://www.pbis.co/news-blogs/assets-must-be-held-during-fund-wind-up-42.html Trustees have been advised to ensure some assets held within an SMSF remain in place while winding up a fund to allow the process to be completed as a trust ceases to operate if there are no assets in place to sustain it.]]> Wed, 23 Mar 2022 05:03:00 GMT https://www.pbis.co/news-blogs/smsfs-reminded-on-director-ids-as-april-deadline-approaches-41.html SMSFs have been warned not to leave the application process for director IDs to the last minute because of the various documents that need to be uploaded.]]> Wed, 23 Mar 2022 05:03:00 GMT https://www.pbis.co/news-blogs/government-outlines-terms-for-taxation-of-digital-assets-review-40.html The government has released the terms of reference for the Board of Taxation’s review into the tax treatment of digital assets and transactions.]]> Wed, 23 Mar 2022 04:03:00 GMT https://www.pbis.co/news-blogs/smsfs-make-up-a-quarter-of-super-assets-39.html The Australian Taxation Office (ATO) has released its annual self-managed superannuation fund (SMSF) data showing the industry has grown by 4% to almost 600,000 funds in the 2020-21 financial year.]]> Wed, 23 Mar 2022 04:03:00 GMT https://www.pbis.co/news-blogs/ato-records-biggest-1-july-ever-with-640-spike-37.html Over 1.7 million Australians have now lodged their tax returns in the first two weeks of the new financial year, leading the ATO to issue a cautionary note on trending mistakes with early lodgements.]]> Mon, 20 Jul 2020 09:07:00 GMT https://www.pbis.co/news-blogs/tips-and-traps-for-2020-21-coTips-and-traps-for-2020-21-contributionsntributions-36.html It is well known some important changes to SMSF contribution rules were made from 1 July 2020. From now on, only those wanting to contribute after turning 67 years of age (or have non-superannuation guarantee contributions made on their behalf) will need to meet a work test (or be eligible for the work test exemption). Previously the work test became relevant two years earlier, from age 65.]]> Mon, 20 Jul 2020 09:07:00 GMT https://www.pbis.co/news-blogs/implications-for-smsfs-with-phase-2-of-aba-s-loan-relief-35.html The second phase of the Australian Banking Association’s support for borrowers provides an important framework for SMSFs still struggling to meet loan repayments, says an SMSF specialist.]]> Mon, 20 Jul 2020 09:07:00 GMT https://www.pbis.co/news-blogs/nearly-a-quarter-of-smsfs-yet-to-lodge-return-34.html New lodgement figures from the ATO indicate that nearly 450,000 SMSFs have lodged their 2018–19 SMSF annual return, with close to a quarter still yet to lodge.]]> Mon, 20 Jul 2020 09:07:00 GMT https://www.pbis.co/news-blogs/new-guidance-to-clear-the-murky-waters-of-auditor-independence-33.html Fresh guidance released by the Accounting Professional and Ethical Standards Board has clarified that firms undertaking both the accounting work and audit functions for their SMSF clients may not be meeting their obligations under professional standards and ethics.]]> Mon, 29 Jun 2020 10:06:00 GMT https://www.pbis.co/news-blogs/more-smsf-auditors-caught-by-ato-s-independence-crackdown-32.html As part of its high-risk auditor program, the ATO has already referred 37 SMSF auditors to ASIC this year, primarily for independence breaches including reciprocal audit arrangements between auditors.]]> Mon, 29 Jun 2020 09:06:00 GMT https://www.pbis.co/news-blogs/150k-instant-asset-write-off-extended-for-6-months-31.html The $150,000 instant asset write-off has now been extended until the end of the year as the government looks to spur businesses to invest.]]> Thu, 11 Jun 2020 02:06:00 GMT https://www.pbis.co/news-blogs/accountants-eye-potential-smsf-pool-30.html Accountants are looking to grow their self-managed super fund client base despite a drop in SMSF establishment figures, a new report shows.]]> Thu, 11 Jun 2020 02:06:00 GMT https://www.pbis.co/news-blogs/ato-open-to-digital-signature-use-29.html The ATO has stated a digital signature was acceptable for use on SMSF financial statements where trustees could not meet due to social distancing measures]]> Tue, 28 Apr 2020 05:04:00 GMT https://www.pbis.co/news-blogs/consumer-satisfaction-up-for-smsfs-down-for-industry-funds-28.html New data from Roy Morgan has shown self-managed superannuation and public sector funds both increased their customer satisfaction rates in March, despite significant market upheaval, but their industry and retail counterparts were not so lucky.]]> Tue, 28 Apr 2020 05:04:00 GMT https://www.pbis.co/news-blogs/smsfs-not-exempt-from-early-release-27.html The number of hard hit small business proprietors with their own self-managed superannuation funds (SMSFs) means that SMSFs have been not exempt from the Government’s hardship early access to superannuation draw-downs.]]> Tue, 28 Apr 2020 05:04:00 GMT https://www.pbis.co/news-blogs/alternative-turnover-test-for-jobkeeper-released-26.html An alternative decline in turnover test for the JobKeeper payment scheme has now been registered by the ATO.]]> Tue, 28 Apr 2020 05:04:00 GMT