The Cora blog
Independent commentary on ASIC enforcement, ASA standards, audit quality, and the software shifting the profession. Written by the Cora team for Australian SMSF auditors.
What an in-house asset is under section 71 of the SIS Act, the 5 percent limit in sections 82 and 83, how the ratio is calculated on market value under regulation 8.02B, and what an SMSF auditor checks.
Art, wine, classic cars and jewellery can be held in your fund, but only under strict rules. Here is what trustees need to know.
Your SMSF can only have limited dealings with people and businesses connected to you. Here is the 5 per cent rule, in plain English.
Brief on ASIC enforcement trends, ASA standard updates, software vendor moves. Five min read, no pitches.