Don’t fall foul of the disqualified person rule

SMSF technical expert and columnist for The Australian newspaper
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This article discusses a very important topic but many don’t seem to take it seriously.

Many SMSF administrators, auditors and lawyers have told me that they are constantly finding clients, who they have known for many years, suddenly falling foul of the disqualified person rule because the individuals involved simply ignored this problem until it became too late.

In the last several years there have been a number of Administrative Appeals Tribunal (AAT) cases where some disqualified trustees have tried to overturn Tax Office determinations.

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