Retirement Income Review reforms unlikely to happen till mid-2022
Miranda Brownlee
The release of the Retirement Income Review last week is only the start of a lengthy consultation process, with any significant changes or r
The release of the Retirement Income Review last week is only the start of a lengthy consultation process, with any significant changes or r
The corporate regulator has commenced civil proceedings in the Federal Court against an SMSF accountant who, it alleges, failed to comply wi
A research report undertaken by ASIC has found that the process of making changes to, or gaining information on, insurance held in a super
New research examining the costs of running an SMSF has questioned previous statements by ASIC that SMSFs with balances lower than $500,000
The cost of a comfortable retirement in Australia has gone up over the September quarter despite COVID-induced lifestyle changes, new resear
While the Retirement Income Review concluded that Australia’s retirement income system is effective, sound and broadly sustainable, it has
A Liberal MP and ex-adviser has accused the corporate regulator of hypocrisy for failing to take action against super funds on their poor in
The ATO has finalised its internal guidance on when it can remit the Part 7 penalty following the end of the superannuation guarantee amnest
An industry lawyer has highlighted some unresolved issues that could arise for SMSFs with related-party loans around overpaid loan interest
SMSF software firm BGL has called on the Treasury to drop its proposed 45-day preparation requirement for SMSF accounts, with the SMSF indus
SMSF auditors auditing the funds of clients also receiving financial advice from the same firm may be at risk of breaching the APES independ
The SMSF Association has appointed a new vice-chair to its board following the retirement of Robin Bowerman.
While there have been no announcements regarding the proposed three-yearly audit cycle since June last year, one technical expert has urged
Two of the major accounting bodies have expressed significant concerns about the proposed mandatory deadline for SMSF account preparation, a
The ATO has identified around 700 instances of SMSF auditor number misuse from its recent mailout and has also outlined concerns about a sig
The chief executive of Cbus says critics should stop undermining the super system and instead take pride in what it has achieved.
With only eight parliamentary sitting days remaining this year, the bring-forward measures may not be passed until at least February, with a
The Treasury’s proposed 45-day preparation requirement for SMSF financials will not address issues with late-lodging SMSFs and will instea
Senator Jane Hume has said that super funds “must deliver more” for the Australian people and gave no ground on the increasingly controv
The sole director of an SMSF firm has pleaded guilty to 15 offences under the Corporations Act following allegations by ASIC that he made 16
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