Entries by Jesper Lim

Common SMSF audit issues

Self-managed super funds must comply with Australian superannuation legislation which requires a compliance audit each financial year to avoid a range of penalties imposed by the ATO for failing to meet compliance obligations. Three common SMSF audit issues consistently arising when reviewing Self-Managed Super Fund’s include: Deed Upgrades The trust deed for a SMSF stipulates all […]

What is a sophisticated investor certificate?

Normally investors must be given a disclosure document such as a prospectus before being offered shares or securities for purchase. However investors holding a sophisticated investor certificate are exempt from these rules and can purchase these shares without having received a prospectus. So how do you get a sophisticated investor certificate? Under chapters 6D and […]