ECPI measures proposed to target tax manipulation
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The proposed changes to exempt current pension income in the budget may be aimed at limiting the manipulation of tax events under the ATO’
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Government to bolster ATO’s compliance activity on unpaid super
The government has announced that it will provide $42.1 million over four years to the ATO to increase activities to recover unpaid tax and
Budget measure to delay SuperStream for SMSFs
The extension of SuperStream to SMSFs will be delayed until 31 March under a budget proposal to expand the SuperStream rollover standard.
Higher levies, more reporting tipped to follow ASIC, APRA measures
Budget measures aimed at strengthening the effectiveness of APRA and ASIC could see SMSF advice firms hit with additional costs and reportin
RBA makes cash rate call for April
Following speculation of a potential cut in interest rates this month, the Reserve Bank of Australia has now made its decision on the offici
Government announces new super contribution measures
The Treasurer has announced a new measure which will enable Australians aged 65 and 66 to be able to make voluntary superannuation contribut
DomaCom partners with lender to offer SMSF debt facility
Property investment company DomaCom has partnered with loans provider La Trobe Financial to provide SMSF investors with a new credit facilit
Campaign launched to boost Senate support for 6-member SMSFs
With the government essentially left with two days to pass the six-member SMSF bill before the election, an SMSF services firm has launched
ATO to contact 100 SMSF auditors with inactive audit periods
The ATO will be sending letters to around 100 SMSF auditors who haven’t completed an SMSF audit for five years and referring them to ASIC
Federal Court hands down decision in family trust case
The Federal Court of Australia has overturned a tax assessment issued to the trustee of a family trust in a case involving a public trading
Meg Heffron steps into managing director role
SMSF services provider Heffron SMSF Solutions has announced that Meg Heffron has taken up the role of managing director, currently held by M
SuperGuardian appoints former SuperConcepts senior manager
SMSF administration firm SuperGuardian has hired a former SuperConcepts business development professional to help bolster its presence on th
Advice regulations plagued by structural issues, says SMSFA
While the SMSF Association doesn’t believe the accountants’ exemption should be brought back, the current regulations are forcing a “o
Poor conduct with general advice landing SMSFs in risky investments
In a recent research report, ASIC has outlined its concerns about general advice models being used to promote investments in “inherently r
‘Little sympathy’ for advice firms stung by commission ban, says Labor MP
Labor MP Matt Thistlethwaite says advice firms that borrowed money to buy other businesses on the basis of grandfathered commissions failed
Personal super contributions flagged as key EOFY strategy
With Labor threatening to reinstate the 10 per cent test if elected, SMSF clients may want to make the most of their ability to claim deduct
FASEA’s verdict on FPA designation good news for accountants
The approval of the FPA’s professional designation as recognised prior learning by FASEA is significant for the accounting profession, say
Senate committee gives 6-member SMSF bill green light
The Senate Economic Legislation Committee has recommended that the bill to extend the SMSF member limit be passed, despite strong opposition
Andrea Slattery to take up new role on AMP audit committee
Following the announcement that Geoff Roberts will depart from the AMP Limited board, Andrea Slattery has been appointed as chair of the AMP
Common adviser practices with SMSF documents posing liability risk
Advisers who offer standard template documents for SMSFs without asking clients for their preference may find themselves liable if the docum
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