There's lots happening for new dispute resolution services for small business people. The Small Business Commissioner (SBC) model is being rolled out across Australia. Explanation of developments.
Newspaper reports earlier this year indicated that the Federal Government is planning to restrict the ability of independent contractors to own and control their own self-managed super funds (SMSFs). SMSFs also seem to be the target of the big industry and retail super funds.
ICA believes that Independent Contractors have a right to control their own retirement funds if they wish and to decide how those funds are invested. This is particularly important given the global financial crisis.
ICA is therefore conducting a campaign to defend the right of independent contractors to own and manage their own super funds. While acknowledging that there are some useful government initiatives (notably education about the legal obligations faced by SMSF owners), ICA will vigorously oppose any attempt, by government or others, to limit Independent Contractors' access to, and control over, one of the key elements of their financial independence.
ICA Campaign:
For more about the Campaign and its background, click here [Public section]
General Links:
If you run, or are thinking of starting, your own SMSF, click here for some useful links that provide good, basic information. [Members only]
ATO Links:
For a series of useful rules for running your SMSF (sourced from the ATO), click here. [Members only] Updated with 4 new links 14 March 2009.
Disclaimer: This material belongs to Independent Contractors of Australia. Reproduction is available for the exclusive private use of ICA members. Any unauthorised reproduction is prohibited. None of the information in this Website constitutes legal or professional advice, but is offered as opinion only. Every individual will have specific and unique circumstances that determines their own status. Every person should seek their own professional advice. ICA, its committee and members are not responsible for the outcome of decisions or actions that a person may take as a result of anything stated in this Website.
This page copyright Independent Contractors of Australia, designed by Fergco Pty Ltd.