Now that March has passed us by without the 6 member SMSF rule having being passed the earliest it can come into force is 1 July. This is because, even if this measure is passed before the end of this financial year, it cannot become law until the first quarter after receiving Royal Assent. That makes 1 July 2021 the earliest possible start date.
No 6 Member Funds This Year
Written by
David Busoli, Principal
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