With Labor winning the election with a clear majority, the SMSF sector is now once again poised for battle over the controversial Division 296 tax.

In this episode of the SMSF Adviser podcast, hosts Keith Ford and Aaron Dunn sit down with SMSF Association CEO Peter Burgess to talk about the implications of the election results, what it may mean going forward, and the association’s plans to convince the elected politicians on the adverse outcomes of the tax.

The podcast will also delve into the latest draft DBFO legislation and how the proposed changes may affect advisers specialising in SMSFs.

Listen as they discuss:

• The election results and the impacts it will have on legislation.
• Time frames for the legislative process.
• Strategies going forward in lobbying the government.
• The DBFO draft legislation.

In this episode of the SMSF Adviser podcast, hosts Keith Ford and Aaron Dunn discuss the issues that may affect super and the policy positions of the two major parties.

Tax reform has been the elephant in the room during the federal election campaign, but there has been some mention of the Division 296 tax by the opposition, which has also made commitments regarding advice reforms and adviser numbers.

This podcast covers some of the big-ticket items concerning the advice and super sectors, including:

• Bargaining by the Greens to reduce the super tax threshold to $2 million and its impact on the transfer balance cap.
• Reforms to the CSLR.
• Increasing adviser numbers.
• Housing policies and tax implications.

In this edition of the SMSF Adviser podcast, hosts Keith Ford and Aaron Dunn are joined by legal specialist Phil Broderick, principal at Sladen Legal, to discuss the implications of the Bendel court decision – a landmark ruling with potentially far-reaching consequences for SMSFs and private trusts.

This ruling has profound implications for the use of discretionary trusts and corporate beneficiaries, potentially allowing distributions to remain unpaid without triggering Division 7A consequences.

The podcast delves into the significance of the case, drawing parallels to pivotal decisions like Bamford, and explores how it could reshape the landscape for tax and accounting practices in Australia.

Listen as they discuss:

• The interpretation of "financial accommodation" within Division 7A.
• The relevance of this decision for SMSFs
• The potential for the Bendel decision to influence other areas of superannuation law.