Common Sense Prevails in Budget Changes | SMSF Engine
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Common Sense Prevails in Budget Changes

Common Sense Prevails in Budget Changes

by Alicia Thomson

We are pleased the recent budget left SMSFs alone for once, although there were significant changes for the broader Superannuation industry. We can expect some of these changes to lead to increased member movements within superannuation, which may be positive for SMSF practitioners.

The government also announced that it will undertake a public consultation to make permanent changes to the Corporations act 2001 that will allow companies to call and conduct meetings electronically with a quorum achievable through virtual attendance of shareholders and officers and provide certainty that company officers can electronically execute a document.

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