Call to remove the ‘active member test’ from the definition of ‘Australian Superannuation Fund’ – so travelling members can continue to contribute to their SMSF – SMSF Association

Tax Month - January 2018

On 16 January, 2018, the SMSF Association called for the ‘active’ member test to be excluded from the residency requirement for ‘complying’ fund status and all the concessional tax treatment, that goes with that status. This ‘active member test’ is important in various ways. For instance, deductions are only available, for  employer contributions, to a ‘complying…

Sandbach v CofT – barrister’s Federal Court appeal struck out ‘for want of prosecution’ – more or less from the inception of the appeal

Tax Month - January 2018

The Full Federal Court dismissed the taxpayer’s appeal from a decision of the Federal Court to dismiss his appeal (from an AAT decision) for want of prosecution. The Taxpayer was (and still is) a member of the Victorian Bar. The events were as follows: In 1986, the Taxpayer entered into a partnership to purchase an…