What’s in your SMSF is not yours to play with

SMSF technical expert and columnist for The Australian newspaper
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My Mum has often said “desperate times call for desperate measures”.

This came to mind when reviewing two recent Federal Court cases, which involve accessing money in an SMSF for business and personal purposes. In both cases, the trustees were fined.

Overall, the temptation not to raid the SMSF’s bank account proved too great.

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