Many self-managed superannuation funds (SMSFs) hold unlisted assets, particularly unlisted trusts and companies which may include any loans the SMSF has made to them. These assets are likely to invite ...

Every year an SMSF must be checked over by someone who holds an ASIC-issued SMSF Auditor Number or SAN. Their job is to see if the fund’s financial accounts are accurate, to check that super laws ...

If auditors are, indeed, the eyes and ears of the regulators in the SMSF sector, Liz Westover writes that the new auditor registration regime will prove to be crucial as the industry evolves over the ...

The arrival of a class action against Self Managed Super Fund auditors in the Melissa Caddick affair is set to test a sector already under fire. Michael Chapman of Mackay Chapman, which is taking the ...

But it is a necessary check and balance as a trade off for allowing individuals to take the reins and control their own retirement savings, rather than have it managed by a professional super company.

It’s that time of the year. Self-managed superannuation fund trustees that are using an accountant, and are not lodging for the first time, must lodge their 2022-23 annual return by May 15, and ensure ...

Michael Chapman of Mackay Chapman, which is taking the fully funded action to court, says the case is “going to shine a light on deteriorating conditions in the audit sector for SMSFs”. The class ...