Today AFR:
"Class Super, which provides software for SMSF administration, said reportable events under the new regime could rise by 340 per cent.
This would be driven by greater fluctuations in balances as people withdrew lump sums and then replaced the money with extra contributions, which is allowed so long as the balance stays under $1.6 million at any one time. Each incidence of such behaviour will be reportable."
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Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
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