Superannuation And Retirment Income Planning

Question 1 a) * The nomination moldiness be updated every trinity historic boundary. This mean it should be no more than than three years old. * Each beneficiary is either a legal in the flesh(predicate) representative or beneficiary. * The allocation of bullion has been nominated this is normally defined as a percentage. * It is sign-language(a) and dated by the subdivision and witnessed by two item-by-item witnesses. (page 31) b) Katie has a well-grounded claim as she meets all of the conditions for a valid claim. The loss between Katie and Ann is that Ann is not a dependent of Brian. (page31) c) To make a care about a trustees decision, the take should be move to be resolved at the stock. If the segment remains unsatisfied, the future(a) step is the Superannuation Complaints Tribunal. It is free to lodge a complaint with the tribunal. A death benefit claim mustiness be lodged within 28 days of receiving a identif y from the fund, claiming that the move to resolve the proposal which has been put to the provider. From this point, it can typically run into about 12 months for the tribunal to make a orb decision. http://www.sct.gov.

au/ (Pages 63-64) Question 2 a) SIS scrap Cant be paying(a) for managing bank account -prohibited Can be reimbursed b) An important place of the trustees is to keep records. Accounting records and statements are infallible to be unplowed for a period of 5 years. Minutes, copies of residence and financial devotes, and member reports are required to be kept for a period of ten years. Trustees have to arrange fo! r the fund to be audited. The must ensure that the fund is being audited by an approved auditor. some other duty that the trustees must face to annually is ensuring that the fund reports to the ATO annually. This means that they must lodged an income tax income return and compliance return apiece year. They must also litigate with the ATO to ensure that the required tax is withheld each year, and inform the ATO of some(prenominal) important changes The...If you want to observe a full essay, ordering it on our website: BestEssayCheap.com

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