Superannuation And Retirment Income Planning

Question 1 a) * The nomination moldiness be updated both 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 notes has been nominated this is normally defined as a percentage. * It is sign(a) and dated by the subdivision and witnessed by two individual 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 qualified of Brian. (page31) c) To make a care about a trustees decision, the weigh should be move to be resolved at the fund. If the component 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 must be lodged within 28 days of receiving a mark off 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 chip 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 necessary to be unploughed for a period of 5 years. Minutes, copies of accord and financial pictures, and member reports are required to be kept for a period of ten years. Trustees have to arrang e for the fund to be audited. The must ensur! e that the fund is being audited by an approved auditor. some other duty that the trustees must watch 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 plump with the ATO to ensure that the required tax is withheld each year, and inform the ATO of any(prenominal) important changes The...If you want to observe a full essay, articulate it on our website: BestEssayCheap.com

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