In this episode of THE SMSF Experts, Shelley is joined by Bryce Figot, special counsel at DBA Lawyers, to discuss the significant impact of case law on SMSF trustees and compliance obligations. With over 21 years of experience in tax and superannuation, Bryce shares insights on landmark cases like Hill v. Zuda, Katz v. Grossman, and the consequences for SMSF professionals and auditors. Shelley and Bryce dive into how these legal precedents have shaped best practices, estate planning, and the nuances of trustee responsibilities within the SMSF industry.
(01:16 The Fascination with Self-Managed Super Funds
(02:20 Championing SMSF Auditors
(04:15 Case Law Impact on SMSFs: Hill vs. Zuda
(11:52 Katz vs. Grossman: Trustee Discretion and Family Disputes
(21:02 Aussiegolfa vs. Commissioner of Taxation
(21:43 The Sole Purpose Test and In-House Asset Rules
(25:42 Penalties and Compliance in SMSFs
(30:16 Auditors' Responsibilities and Landmark Cases
(34:34 The Melissa Caddick Case and Settlement Insights
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