Better Advice bill in limbo after Patrick amendment
Tony Zhang
An amendment drafted by independent senator Rex Patrick and agreed to by Labor and the crossbench has ensured the government’s bill to est
An amendment drafted by independent senator Rex Patrick and agreed to by Labor and the crossbench has ensured the government’s bill to est
Employee share schemes could soon be treated as capital for the purposes of taxation, at the direction of key recommendations made by a parl
While the new changes in the best financial interests requirement will not have significant applications to SMSFs, trustees will still need
The joint accounting bodies have rejected the need for a proposed retirement income covenant, stating it only will create increased costs fo
The government’s proposed retirement income covenant may lead to increased issues on the provision of SMSF advice along with its applicati
Joint industry bodies have opposed the design of proposed compensation scheme of last resort (CSLR), with concerns that the compensation wil
The government has introduced legislation implementing one of the new ECPI measures, along with changes to superannuation fund information s
The government has passed legislation enabling the electronic execution of documents and the ability to hold virtual meetings, with plans to
The proposed retirement income covenant may face several issues for SMSFs, as its application may not serve its intended purpose, leading to
SMSFs will need to evaluate various choice outcomes that will interact with the ECPI calculation method and its impact on segregation when a
Superannuation contribution changes announced in the federal budget will likely lead to a major change in bring-forward arrangement strategi
Federal Labor has been urged to come clean on its plan to introduce a $3,000 deduction cap for managing tax affairs, a week after it dumped
A Liberal MP has called for Parliament to scrap the Hayne royal commission recommendations, saying they only bring “harm and damage” to
The recent ruling on non-arm’s length income (NALI) in super funds by the ATO will have far-reaching consequences for the superannuation s
The major accounting bodies have called for changes to the government’s proposed ECPI measures, with major amendments needed across choice
The new measures to begin the electronic execution of documents can create various opportunities for SMSFs but will require care in the tran
Advisers are still in the dark about exactly how ASIC’s disciplinary body will work and what matters will go on their permanent record, af
The government has released a new position paper on the retirement income covenant intended to further develop retirement outcomes in Austra
Following pressure to complete its legislative response to the royal commission, Treasury will consult on a number of new bills addressing r
While the newly proposed ECPI measures seek to provide more choice for trustees, there are fears they will lead to additional complexity an
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