ICare Super

02/06/2026

SMSF Trustee Companies: ASIC Fee Update FY2026–27 (Effective 1 July 2026)

01/06/2026

🚀 Facebook Exclusive Offer – June 2026 Only! 🚀

This offer is available this month only.

Thinking about starting your SMSF? Now is the perfect time.

✅ Set up your SMSF in June 2026
✅ Have your SMSF fully established and ready for the 2027 financial year
✅ TFN/ABN application assistance
✅ Bank account setup and super transfer support
✅ No annual administration fee for the 2026 financial year *
✅ Flexible monthly administration fees

Don't miss this limited-time opportunity to get your SMSF up and running before the new financial year begins.

📞 03 9557 4079
📧 [email protected]

Offer available for SMSFs established during June 2026 and may be withdrawn without notice. Conditions apply. iCare Super is not an AFSL holder and does not provide financial planning, investment advice, or recommendations to establish an SMSF. Please seek independent financial and tax advice before making any decisions.

28/05/2026

Take control of your super with iCare Super 💼
Fast SMSF setup, TFN/ABN approvals in as little as 1–2 days, bank account setup, and super transfer assistance — all at cost-effective pricing with flexible monthly fees and no lock-in contracts.

📞 03 9557 4079
📧 [email protected]

13/05/2026

Positive to see no changes to superannuation in last night’s Budget. Also worth noting: any changes to negative gearing or the capital gains tax discount do not apply to SMSFs.

24/04/2026

SMSF trustee disqualified for sole purpose test breach

The ART affirmed the ATO's decision to disqualify the applicant from acting as a responsible officer of the corporate trustee of an SMSF, finding contraventions of the sole purpose test (ss 62 and 35D of the SIS Act). While one purpose of the loan was to generate a return for the fund, a concurrent and improper purpose was to provide finance to Mr M's related company to complete a villa project.

The ART also decided the trustee contravened s 35D of the SIS Act by failing to lodge returns for four years and Mr M's excuses regarding difficulties with his accountants were not accepted. The ART was not satisfied a contravention of s 65 of the SIS Act (financial assistance to a member) was established. (Maietta and FCT, ART, Harrowell SM, 9 April 2026.)

24/04/2026

Inappropriate access to super early for treatments warning

The ATO and the Australian Health Practitioner Regulation Agency (Ahpra) are warning taxpayers to be wary of predatory practices by health practitioners and third parties to persuade individuals to inappropriately access their super early for dental treatment.

The ATO and Ahpra are working together to monitor recent growth in applications and to identify any concerns about inappropriate conduct by health practitioners. Penalties can apply to individuals and health practitioners who make false or misleading statements on medical reports to the Commissioner to access compassionate release of superannuation.

15/04/2026

Another QROPS approved by HMRC 🎉
Thinking of moving your UK pension into your SMSF?
We’re SMSF QROPS specialists — here to make it simple.
📩 DM us today.

08/04/2026

Over 630,000 SMSFs are each paying a $259 annual levy to the ATO.That’s a huge collective contribution every year.

But here’s the question:👉 Why are SMSFs excluded from the Compensation Scheme of Last Resort (CSLR)?

If you’re in an SMSF, you’re told:“You’re in control, so you take the risk.”

Fair enough — but then:

We’re regulated

We’re audited

We pay the same system levies

Yet when things go wrong (e.g. adviser misconduct), there is no safety net.

This creates a strange gap:💰 SMSFs contribute to the system🚫 But are excluded from its protection

Is that fair? Or is it time to rethink how SMSF members are treated?

Curious to hear thoughts from others in the industry 👇

The Albanese government could ban self-managed super funds from a deeply strained compensation scheme for financial misconduct – unless they help fund it.

24/03/2026

🚨 Industry Update: Private Equity reshaping SMSF & Accounting sector

Recent reports (via Accounting Times) highlight growing concerns from a parliamentary inquiry into the increasing role of Private Equity in accounting and SMSF administration.

On one hand, consolidation and investment can bring scale, efficiency, and technology improvements — helping firms grow faster and deliver services at lower cost.

However, the inquiry also raises important questions:
⚠️ Increased market concentration and competitive pressure
⚠️ Potential impact on professional independence
⚠️ Shifting incentives — from long-term client outcomes to short-term returns
⚠️ Effects on staff, workplace culture, and service quality

It’s also worth noting that many large SMSF administrators now rely heavily on offshore outsourcing (e.g. India and the Philippines) — raising further questions around quality control, data security, and client experience.

Globally, regulators have already warned that private equity involvement may risk audit quality and independence if not carefully managed.

In Australia, this trend is accelerating — and it’s something all SMSF professionals, accountants, and advisers should watch closely.

Senators have questioned the professional bodies about whether increased private equity ownership of accounting firms is creating a conflict with accountants' ethical obligations.

23/03/2026

Another QROPS SMSF approved in just 3 business days ✅

Fast. Compliant. Hassle-free.

That’s how we do it at iCare Super.