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The ATO has advised that it will be contacting approximately 60,000 identified participants of recently collapsed Agribusiness managed investment schemes (MIS) to help them understand the tax consequences of their investments. Read full article >>
The Cooper Review was delivered to the Government on 30 June 2010. One recommendation of the Cooper Review was to ban self managed super funds (SMSFs) from holding investments in collectibles such as art, wine and antiques. SMSFs have been provided with five years to sell existing collectables. Read full article >>
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