Notes on SMSF audit quality, Q4 compression, and the audit profession in Australia.https://blog.corasmsf.com/https://blog.corasmsf.com/blog/in-house-asset-breach-smsf/https://blog.corasmsf.com/blog/in-house-asset-breach-smsf/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.Tue, 30 Jun 2026 00:00:00 GMTcontraventionsin-house-assetssisr-8-02bsis-act-s71contraventionsacrTashhttps://blog.corasmsf.com/blog/collectables-in-your-smsf/https://blog.corasmsf.com/blog/collectables-in-your-smsf/Art, wine, classic cars and jewellery can be held in your fund, but only under strict rules. Here is what trustees need to know.Mon, 29 Jun 2026 00:00:00 GMTtrustee-guidecollectablespersonal-use-assetstrusteesmsf-investmentsrecord-keepingTashhttps://blog.corasmsf.com/blog/in-house-assets-5-per-cent-rule/https://blog.corasmsf.com/blog/in-house-assets-5-per-cent-rule/Your SMSF can only have limited dealings with people and businesses connected to you. Here is the 5 per cent rule, in plain English.Sat, 27 Jun 2026 00:00:00 GMTcontraventionsin-house-assetsrelated-partycontraventionstrusteesmsf-complianceTashhttps://blog.corasmsf.com/blog/smsf-lrba-borrowing/https://blog.corasmsf.com/blog/smsf-lrba-borrowing/Super funds generally cannot borrow, but there is one important exception. Here is how borrowing in an SMSF works.Thu, 25 Jun 2026 00:00:00 GMTtrustee-guidelrbaborrowingsmsf-propertytrusteerelated-partyTashhttps://blog.corasmsf.com/blog/division-296-3m-super-tax/https://blog.corasmsf.com/blog/division-296-3m-super-tax/A new tax applies to very large super balances from 1 July 2026. Here is what it means if your total super is approaching $3 million.Tue, 23 Jun 2026 00:00:00 GMTtrustee-guidedivision-296super-taxtrusteevaluationssmsf-complianceTashhttps://blog.corasmsf.com/blog/what-does-an-smsf-cost/https://blog.corasmsf.com/blog/what-does-an-smsf-cost/Running your own super fund comes with costs. Here is what to expect, and why the size of your balance matters so much, in plain English.Sun, 21 Jun 2026 00:00:00 GMTtrustee-guidesmsf-costsetup-costongoing-costsupertrusteeTashhttps://blog.corasmsf.com/blog/minimum-pension-payments/https://blog.corasmsf.com/blog/minimum-pension-payments/Once your SMSF is paying you a pension, you must draw a minimum amount each year. Here is how it works and why it matters.Sat, 20 Jun 2026 00:00:00 GMTtrustee-guidepensionminimum-pensiontrusteeretirementsmsf-complianceTashhttps://blog.corasmsf.com/blog/crypto-in-your-smsf/https://blog.corasmsf.com/blog/crypto-in-your-smsf/Cryptocurrency is allowed in an SMSF, but only if you follow some specific rules. Here is what trustees need to get right.Thu, 18 Jun 2026 00:00:00 GMTtrustee-guidecryptocryptocurrencysmsf-investmentstrusteerecord-keepingTashhttps://blog.corasmsf.com/blog/property-in-your-smsf/https://blog.corasmsf.com/blog/property-in-your-smsf/Buying property through your super fund can work well, but the rules are strict. Here is what trustees need to understand.Tue, 16 Jun 2026 00:00:00 GMTtrustee-guidepropertybusiness-real-propertylimited-recourse-borrowingvaluationtrusteeTashhttps://blog.corasmsf.com/blog/is-an-smsf-right-for-you/https://blog.corasmsf.com/blog/is-an-smsf-right-for-you/Thinking about setting up your own super fund? Here is an honest look at who an SMSF suits, and who it does not, in plain English.Sun, 14 Jun 2026 00:00:00 GMTtrustee-guidesmsf-basicssuitabilitytrustee-responsibilitysupertrusteeTashhttps://blog.corasmsf.com/blog/smsf-record-keeping-basics/https://blog.corasmsf.com/blog/smsf-record-keeping-basics/Good records keep your fund compliant and make the annual audit quick and cheap. Here is what to keep and for how long.Sat, 13 Jun 2026 00:00:00 GMTtrustee-guiderecord-keepingretention-periodsaudit-evidencecompliancetrusteeTashhttps://blog.corasmsf.com/blog/sole-purpose-test/https://blog.corasmsf.com/blog/sole-purpose-test/The single most important rule for your SMSF, explained simply: your fund must exist only to provide retirement benefits.Thu, 11 Jun 2026 00:00:00 GMTcontraventionssole-purpose-testpresent-day-benefitcompliancetrusteeTashhttps://blog.corasmsf.com/blog/what-your-smsf-auditor-checks/https://blog.corasmsf.com/blog/what-your-smsf-auditor-checks/Wondering what the auditor does with all those documents you send each year? Here is what they are actually looking at.Tue, 09 Jun 2026 00:00:00 GMTtrustee-guidesmsf-auditasset-verificationvaluationcompliancetrusteeTashhttps://blog.corasmsf.com/blog/winding-up-your-smsf/https://blog.corasmsf.com/blog/winding-up-your-smsf/Closing an SMSF the right way matters. Here is what is involved, in plain English, so nothing is missed.Mon, 08 Jun 2026 00:00:00 GMTtrustee-guidewinding-upclosing-smsffinal-auditrollovertrusteeTashhttps://blog.corasmsf.com/blog/smsf-trustee-responsibilities/https://blog.corasmsf.com/blog/smsf-trustee-responsibilities/If you run your own super fund, you are a trustee. Here is what that means and what you are responsible for, in plain English.Sat, 06 Jun 2026 00:00:00 GMTtrustee-guidetrustee-dutiessole-purpose-testinvestment-strategyrecord-keepingtrusteeTashhttps://blog.corasmsf.com/blog/fund-reported-to-the-ato/https://blog.corasmsf.com/blog/fund-reported-to-the-ato/An explanation for accountants and professionals of what follows when an auditor lodges a contravention report, and the range of outcomes a fund may face.Thu, 04 Jun 2026 00:00:00 GMTstandards-opinionscontravention-reportregulatorpenaltiesrectificationprofessionalTashhttps://blog.corasmsf.com/blog/understanding-the-independent-auditors-report/https://blog.corasmsf.com/blog/understanding-the-independent-auditors-report/How to read the SMSF independent auditor's report, what its two opinions mean, and how to interpret a qualification.Tue, 02 Jun 2026 00:00:00 GMTstandards-opinionsauditors-reportopinionsqualificationpart-aprofessionalTashhttps://blog.corasmsf.com/blog/conditions-of-release/https://blog.corasmsf.com/blog/conditions-of-release/Super is locked away until you are allowed to access it. Here are the rules on when you can take your money out, in plain English.Mon, 01 Jun 2026 00:00:00 GMTtrustee-guideconditions-of-releasepreservationearly-accesssupertrusteeTashhttps://blog.corasmsf.com/blog/smsf-compliance-calendar-key-dates/https://blog.corasmsf.com/blog/smsf-compliance-calendar-key-dates/A reference for accountants and administrators of the recurring SMSF deadlines through the year, from audit appointment to annual return lodgement.Sat, 30 May 2026 00:00:00 GMTrunning-an-auditcompliance-calendarkey-dateslodgementdeadlinesprofessionalTashhttps://blog.corasmsf.com/blog/smsf-valuation-requirements/https://blog.corasmsf.com/blog/smsf-valuation-requirements/What accountants and professionals need to know about valuing SMSF assets at market value each year, and the evidence an auditor expects.Thu, 28 May 2026 00:00:00 GMTrunning-an-auditvaluationmarket-valueevidencepropertyprofessionalTashhttps://blog.corasmsf.com/blog/death-benefits-bdbns/https://blog.corasmsf.com/blog/death-benefits-bdbns/What happens to your super when you die, and how to make sure it goes where you want, explained in plain English for SMSF members.Wed, 27 May 2026 00:00:00 GMTtrustee-guidedeath-benefitsbdbnreversionary-pensionestate-planningtrusteeTashhttps://blog.corasmsf.com/blog/common-smsf-contraventions/https://blog.corasmsf.com/blog/common-smsf-contraventions/A practical rundown for accountants and professionals of the breaches that most often appear in SMSF audits, and how to keep funds clear of them.Tue, 26 May 2026 00:00:00 GMTcontraventionscontraventionsin-house-assetssole-purposemarket-valueprofessionalTashhttps://blog.corasmsf.com/blog/why-an-accountant-cannot-audit-their-own-funds/https://blog.corasmsf.com/blog/why-an-accountant-cannot-audit-their-own-funds/An explanation for accounting professionals of the independence rule that prevents a firm from auditing the SMSF financial statements it prepared, and what the narrow exception allows.Sat, 23 May 2026 00:00:00 GMTstandards-opinionssmsf-auditindependenceself-reviewethicsprofessionalTashhttps://blog.corasmsf.com/blog/contribution-caps/https://blog.corasmsf.com/blog/contribution-caps/There are limits on how much you can put into super each year. Here are the caps and how they work, in plain English.Fri, 22 May 2026 00:00:00 GMTtrustee-guidecontribution-capsconcessionalnon-concessionalsupertrusteeTashhttps://blog.corasmsf.com/blog/appointing-an-smsf-auditor-45-day-rule/https://blog.corasmsf.com/blog/appointing-an-smsf-auditor-45-day-rule/A practical guide for accountants and administrators on when to appoint the auditor and the documents that make for a clean, efficient audit.Thu, 21 May 2026 00:00:00 GMTrunning-an-auditsmsf-audit45-day-ruleappointmenthandoverprofessionalTashhttps://blog.corasmsf.com/blog/what-an-smsf-audit-is/https://blog.corasmsf.com/blog/what-an-smsf-audit-is/A plain explanation for accountants and industry professionals of the annual SMSF audit, what it covers, and why the law requires it.Wed, 20 May 2026 00:00:00 GMTrunning-an-auditsmsf-auditmandatorypart-apart-bprofessionalTashhttps://blog.corasmsf.com/blog/q4-compression-40-percent-rule/https://blog.corasmsf.com/blog/q4-compression-40-percent-rule/How Q4 lodgement compression squeezes SMSF audit margin, and why Auto at $29 per fund changes the workload math for 1-2 partner firms.Fri, 15 May 2026 00:00:00 GMTrunning-an-auditq4-compressionlodgement-deadlinesthroughputpricingTash