The due date for the SMSF annual return for some self-managed super funds is fast approaching. Trustees now have less than one month to lodge the return. If you’re the trustee of an SMSF and have already finalised the audit, remember you don’t have to wait until the due date to lodge. The ATO recommends lodging on time as any returns more than 2 weeks late will result in the status of the SMSF on Super Fund Lookup to be changed to “Regulation details removed” and impact on super guarantee payments made to the fund.

In the middle of the COVID-19 pandemic, the NSW government has released what it hopes will be a roadmap to recovery for the State in the form of its 2020-21 Budget. For individuals, the most significant change is the government exploring a possible transition from the current “inefficient” stamp duty and land tax system to a broad-based tax on property. For businesses, sweeteners include payroll tax changes, digital vouchers to help with government costs, support apprenticeships and trainees, and revitalising Sydney’s CBD.

Australian consumer law protects people who purchase goods from Australian companies, but what recourse do you have for a refund when you’ve bought something from a foreign business that has little or no physical presence in Australia? A recent Full Federal Court case has set a precedent for foreign-based businesses to abide by the Australia consumer law in most circumstances.