Search Results | Showing 51 - 60 of 64 results for "Sole Purpose Test" |
| | ... advanced by a member or related party at greater than a commercial interest rate may result in a breach of the sole purpose test, on the basis that the excessive interest rate may mean that the SMSF is not being maintained for the sole purpose of providing ... |
| | | ... trustees," said Senator Sherry. More than 30 per cent of new trustees could not provide an explanation of the sole purpose test, while over 15 per cent did not have an investment strategy. Senator Sherry also noted that that 25 per cent of trustees were ... |
| | | ... same survey, the ATO also found that over 30 per cent of new trustees could not provide an explanation of the sole purpose test, and more than 15 per cent did not have an investment strategy. He said the people needed to recognise an SMSF strategy was ... |
| | | Trustees of retail super funds who pay commissions to subsidise holistic advice could be breaching the sole purpose test, according to Industry Super Network executive manager David Whiteley. Speaking at the Association of Superannuation Funds of Australia ... |
| | | ... contributions to be used for a first home deposit." "But this policy proposal avoids the whole question of the Sole Purpose test. It keeps it clean and simple," said David Williams, a spokesperson for max Super. Reflecting this, "First Home Saver Accounts ... |
| | | ... and Retirement Fund (CSRF). He said the donation was given outside of the funds management and therefore the sole purpose test was not an issue. "We chose Youth off the Streets as our charity because it is a non-denominational community organization ... |
| | | ... comment," he said. The draft ruling SMSFR 2007/D1 sets out the ATO's early discussions on the nature of the sole purpose test and sets out a number of factors that determine whether or not a benefit will breach the test. Meanwhile, a separate draft determination ... |
| | | ... the regulators seem to indicate that this [providing direct access to member's funds] could fall within the sole purpose test, as long as it is within the pension stream parameters that have been set and that is basically the minimum and maximum pull ... |
| | | ... sometimes criticised for spending money on marketing campaigns even though such campaigns do not breach any sole purpose test concerns, McIvor said, "Our feedback is our members are really pleased to see our brand up there with all the others." |
| | | ... sponsoring sporting teams is more a question about how trustees manage their fund rather than being about the sole purpose test. Peggy Haines, partner with leading legal firm Freehills, speaking at the annual Fund Executives Association Limited conference ... |
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