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The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MORELRBAs pegged as hotspot for ATO's new data tools
With the majority of the 2016-17 annual returns now lodged, one audit firm expects the ATO will start ramping up its data-matching capabilities to ensure these loans comply with the new rules.
BDO national leader of superannuation Shirley Schaefer said now that most of the 2016-17 annual returns have been lodged, the ATO will be able to identify those funds that have related party borrowing arrangements in place and whether they’re on arm’s length terms or not.
Read the full article at SMSF Adviser.
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