The decision to purchase property through a Self‑Managed Super Fund (SMSF) requires careful thought. Not because it is inherently complex, but because the rules that govern what an SMSF may buy — and from whom — are strict, nuanced, and often misunderstood. This is reflected in investor behaviour. Despite Australians’ passion for property, the ATO continues to report that non‑residential property represents only a modest share of the total SMSF asset pool  — a sign that many

The upcoming increase in the Non‑Concessional Contribution (NCC) cap from $110,000 to $120,000  on 1 July 2025 introduces practical consequences for SMSF trustees—particularly those who have triggered or are considering triggering the bring‑forward arrangement. Below is a technical breakdown of how the contribution mechanics operate under the updated rules, including thresholds, timing interactions and edge‑case considerations. 1. NCC Rules From 1 July 2025 — Framework and Re

Last Christmas brought more than leftovers and cricket — it also delivered Treasury’s draft legislation for the new Division 296 tax. True to form, the release landed on what was, for many of us in the profession, the last working day before the break. Now that the dust has settled, it’s worth taking a clear-eyed look at what was proposed, what’s changed, and what SMSF trustees and advisers need to prepare for. What Treasury Confirmed The Government didn’t deviate from the or