Breaching The Separation of Assets Rules
05/08/2016 by Melanie LeykHeath's Article as published on the SMSF Adviser 04/05/16
Under the new SISR Regulation 4.09A, where a trustee may have breached Regulation 4.09A they will have also breeched sections 31 and therefore 34 of the SISA. This can have significant tax consequences for the fund.