Question
Jack and Gino are good friends and set up a Self-Managed Superannuation Fund (SMSF) together several years ago. Recently, Jack changed jobs and started working
Jack and Gino are good friends and set up a Self-Managed Superannuation Fund (SMSF) together several years ago. Recently, Jack changed jobs and started working for Painting Well Pty Ltd of which Ginos brother, Darcy, is a director. As part of Jacks employment contract, Painting Well Pty Ltd has agreed to pay his superannuation guarantee contribution to Jack and Ginos SMSF. What problem does this raise for Jack and Ginos SMSF?
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Investment Science
Authors: David G. Luenberger
2nd Edition
0199740089, 978-0199740086
