The Australian Taxation Office occasionally “disqualifies” certain people, which means they can never again be the trustee of an SMSF. This particular punishment is usually reserved for those who’ve done quite outrageous things when it comes to breaking super rules. So it’s worrying to hear that disqualifications are on the rise. What exactly are people doing to warrant one of the ATO’s big sticks?
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Meg Heffron is managing director at SMSF specialist firm Heffron.
