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Family Zone Cyber (FZO) News

Latest articles and price-sensitive announcements with AI sentiment classification.

Kalkine
Neutral
1d ago

What Should an SMSF Family Keep in a Complete Estate Pack?

Highlights A complete pack gathers fund, member, personal estate and asset records. Valid nominations and a succession page matter most after a death. Reviewing the pack after family or legal changes keeps it usable. What should an SMSF family keep in a complete estate pack? The trust deed, nominations, pension documents, will, powers of attorney, asset register, insurance and borrowing records, and a succession page naming who acts next and who the advisers are. What is an SMSF estate pack? ...

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Kalkine
Neutral
1d ago

Is Renting an SMSF Commercial Unit to a Family Trust Allowed?

Highlights A fund can generally lease business real property to a related party, including a family trust, if the property is used wholly and exclusively in a business. The lease needs to be in writing and on arm's length terms, with market rent that is actually paid on time. If the property does not qualify as business real property, the lease may count as an in-house asset subject to a cap. Is renting an SMSF commercial unit to a family trust allowed? Generally yes, if the unit qualifies as...

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Kalkine
Negative
5 Oct

Should the Family Trust Tax Transition Be Stretched Out Further?

Highlights Financial advisers want a longer transition period for the proposed family trust tax. The Tax Institute says the consultation window was far too short. Tax agents object to rules being left to ministers. Parliament returns in mid October with the government's proposed minimum tax on discretionary trusts still sitting in draft form, and professional bodies are lining up to slow it down. The Financial Advice Association Australia (FAAA) wants a multi-year transition running to early ...

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Kalkine
Neutral
5 Oct

Renting to Family Below Market Rate? What Can You Still Claim?

Highlights The ATO's latest rental guide caps deductions at the rent received when family are charged below market rates. That rules out claiming a rental shortfall on the arrangement. New ATO rulings issued in May sit behind the updated guide. Letting an adult child, a sibling or an elderly parent live in an investment property at a discounted rent is common in a tight rental market. But the ATO's this year rental properties guide makes clear that a family discount usually comes with a tax c...

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Kalkine
Neutral
22 Sept

Why Can’t Your SMSF Hold a Home for Your Family?

Highlight An SMSF generally cannot provide residential property for a member or related party to live in. Paying market rent does not generally make residential property occupied by a related party acceptable under the SMSF rules. Business real property can be treated differently when it meets the relevant requirements and is held on genuine commercial terms. The Sole Purpose Test Is the Starting Point The sole purpose test is fundamental to the operation of an SMSF. The fund must be maintaine...

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Kalkine
Positive
18 Aug

Family Safety Platform Posts Record Results (ASX:360)

Highlights The family safety platform delivered record quarterly results, with subscription and advertising revenue both growing strongly as its global user base crossed a fresh milestone. The family and location-tracking platform now counts a sizeable membership of paying families alongside a much broader free user base worldwide. Management has authorised a fresh share repurchase programme and flagged accelerating revenue growth for the remainder of the current period. The operator behind a...

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