3 Questions
What must be done within 7 days of acquiring a collectible asset in an SMSF?
Asset to be insured
What must be done if an asset is disposed of to a related party?
Asset must be sold at market price assessed by a qualified independent valuer
Which of the following is not an investment standard for collectibles in an SMSF?
Asset must be used by a related party
Test your knowledge of the rules and regulations related to collectible assets in self-managed superannuation funds (SMSFs) including timeframes for acquisition, disposal to related parties, and investment standards.
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