FASEA announces 90% pass rate for first exam round
Miranda Brownlee
Results released from the first round of the financial advisers exam show that 90 per cent of the candidates passed the exam, according to F
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AAT refuses stay application for director of SMSF firm
The Administrative Appeals Tribunal has refused an application by the director of an SMSF administration firm to halt the Tax Practitioners
Court rules in favour of widow in death benefit case
The Supreme Court of NSW has dismissed an estate planning case between three daughters and the widow of the deceased who was appointed the s
Shades of robo-debt scandal in SMSF penalty disclosure
The way the ATO is currently dealing with SMSF compliance breaches is extremely distressing to trustees and could lead to mental health issu
SuperConcepts delivers steady revenue despite dip in market share
SuperConcepts has increased its assets under administration and generated steady revenue for the first half of 2019, despite a slight drop i
IPA urges government to fix ‘FOFA’s failures’
With the government evaluating the current regulatory model for accountants and advisers in its review of the TPB, the Institute of Public A
BGL to enhance AI, phase out desktop
SMSF software provider BGL Corporate Solutions has announced a range of changes to its Simple Fund 360 platform for accountants, including e
SMSFs told to keep ‘eyes wide open’ with 13.22C unit trusts
SMSF professionals have been cautioned on the risks of implementing 13.22C trusts for SMSF clients with many of these arrangements “blowin
SMSFs warned on timing traps with private company shares
SMSF clients who are transferring shares from private companies and trusts into their fund should be aware that certain rules in company con
Stamp duty a sticking point for Victorian trustees
SMSF trustees considering purchasing a property in Victoria are being warned that recent adverse decisions by the State Revenue Office (SRO)
Treasury floats revival of accountants’ exemption in TPB review
Treasury has listed restoring the accountants’ exemption and allowing financial advisers to provide incidental tax advice without being re
Work test exemption rules still causing confusion
While the new work test exemption presents a number of opportunities for SMSF clients, there is still some confusion around how the exemptio
Advisers urged to reassess clients for senior heath card eligibility
Certain clients who previously weren’t entitled to the Commonwealth Seniors Health Card may now be eligible following the reduction in dee
Retirees facing major ‘conundrum’ with LRBA measures
SMSF trustees hoping to make large non-concessional contributions to pay off property loans before retirement may encounter serious setbacks
Superannuation professionals recognised in major awards event
Professionals from both the SMSF industry and wider superannuation sector have received top honours in the Women in Finance Awards for 2019.
SMSF professionals facing ‘unprecedented challenges’ as compliance rises
Remaining compliant is becoming increasingly time-consuming for SMSF professionals and their clients, while pressure on pricing intensifies
Superannuation advice fees under scrutiny by regulators
With APRA’s review into advice fees and the sole purpose test likely to have implications for SMSFs, advisers may need to restructure the
Trustees forced to wait till 2020 for SG opt-out
Trustees hoping to make use of the government’s new super guarantee (SG) opt-out measures for high-income earners will need to wait until
Advisers ‘undeterred’ by increasing regulation and compliance
While the FASEA education requirements and increased compliance and regulatory requirements are placing increased cost pressures on advisers
APRA super funds under scrutiny for ‘improper inducements’
ASIC has issued guidance to superannuation trustees of APRA-regulated super funds, reminding them that using inducements to influence employ
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