Adviser demand for technology, data science courses on the rise
Miranda Brownlee
With automation and big data now playing a much bigger role in the advice space, financial advisers are increasingly looking at courses in d
News
Latest News
APRA fund transfer process expected to cut SMSF admin burden
By adopting the same method used by APRA-regulated funds for transferring pensions from one fund to another, it’s possible that SMSFs may
Practitioners cautioned on liability risks with reviewing insurance
SMSF professionals outside the AFSL regime need to disclaim their position very carefully when helping clients meet the requirements under r
Incorrect determinations issued following system error
While the taxpayers who incorrectly received excess determinations for non-concessional contributions have been given an extension for their
SuperConcepts announces new appointments to leadership team
SMSF administration firm SuperConcepts has made two new appointments to its leadership team, including general manager of growth and general
Law firm announces plans to launch class action over super fees
A law firm intends to launch a class action against the trustee of a bank-owned superannuation fund for fees which it claims were used to pa
ASIC permanently bans adviser over inappropriate SMSF advice
An adviser has received a permanent ban from providing financial services after ASIC surveillance found they had failed to act in the best i
RBA makes cash rate call for June
Following speculation about a potential cut to the official interest rate, the Reserve Bank of Australia has now handed down its decision fo
Former accountant sentenced for defrauding SMSF investors
A former accountant has been sentenced to six years’ imprisonment for defrauding investors, including SMSF clients, of approximately $815
ATO reports back on late lodgement swoop for tax agents
The ATO says that millions of dollars in revenue has been recouped following a crackdown on thousands of tax practitioners who had fallen be
CGT strategy highlighted with work test exemption
SMSF clients may be able to utilise the work test exemption which allows older Australians to make contributions in the year after they reti
ASIC bans adviser over SMSF property, loans advice
A Gold Coast adviser has received a five-year ban from providing financial services after surveillance conducted by ASIC found he had failed
Class action filed against AMP over super fees
Maurice Blackburn has filed a class action seeking compensation for AMP superannuation fund holders based on allegations that AMP charged un
Loans to unrelated trust or companies to ‘invite auditor scrutiny’
SMSFs with loans to unrelated trusts or companies may attract greater audit scrutiny where they fail to provide satisfactory evidence about
Timing of transactions critical to maximising ECPI
For SMSF clients using the unsegregated method, SMSF professionals may want to consider how the timing and weighting of specific transaction
Last chance to enter the Women in Finance Awards
Submissions are flooding in for the annual Women in Finance Awards, and entries close at the end of this week.
‘Grey clouds lift’ from catch-up contributions
With catch-up contributions no longer under threat, SMSF clients may want to consider using this strategy in combination with contribution s
ATO updates valuation guidelines for pension reporting
The ATO has updated its valuation guidelines in order to clarify when a reasonable estimate can be used for valuing pension assets when repo
Government reveals new line-up for financial services, super
The federal government has named its new-look cabinet, including for financial services and superannuation.
SMSF professionals face licensing, insurance holds ups
Applications for an Australian Financial Services Licence are facing headwinds as applicants struggle to secure professional indemnity insur
When do you plan to undertake the exam under the new adviser education standards?
SUBSCRIBE TO THE
SMSF ADVISER BULLETIN
Get the latest news and opinions delivered to your inbox each morning
