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Rosny Park accountant

Compliant SMSF Insurance

A new court ruling has clarified the requirements of SMSF in relation to assets insurance.  The SMSF must be the listed beneficiary for all assets, such as collectables, jewellery, antiques and more. 

If these items are not clearly listed the SMSF runs the risk of being non-compliant. 

A separate policy for each item is not required, as a ‘group’ policy will cover the items if they are individually listed.The ruling is put in place immediately, although the funds have until July 2016 to update policies.

Hobart accountant OFFICE LOCATION

Suite 4, 1st floor
30 Bayfield Street
ROSNY PARK TAS 7018

Hobart accountant MAILING ADDRESS

PO BOX 526
ROSNY PARK TAS 7018

Hobart accountantGET IN TOUCH

Phone: 03 6244 5144
Fax: 03 6244 5065
Email: info@alomesfinancial.com.au