The Age --- Page: 8 : 23 April 2008 Original article by Anne Lampe
LexisNexis Summary
The number of self-managed superannuation funds in Australia increased by over 47,500 in 2007. So-called "do-it-yourself" super funds are likely to continue to be popular, following a move in September 2007 to permit these funds to borrow to invest. However, some such transactions are likely to attract the scrutiny of the Australian Taxation Office (ATO). This is particularly so in the case of related-party transactions. Auditors of self-managed funds will also attract the attention of the ATO, which will itself audit some 900 auditors in 2008.
