ASIC throws hands up at levy
Tony Zhang
ASIC has insisted its hands are tied when it comes to the industry levy, saying ultimate responsibility for the funding model falls to the g
ASIC has insisted its hands are tied when it comes to the industry levy, saying ultimate responsibility for the funding model falls to the g
SMSF auditors have been warned that SMSF firms cannot rely on the ATO’s benchmark guidance regarding reciprocal arrangements as it does no
ASIC has released new legislative instruments around advice fee consent and lack of independence disclosure, designed to strike a balance of
A new report from a wealth management business broker has put further weight behind current claims that advisers cannot profitably service c
The ATO has made an extension on the transitional compliance approach in PCG 2020/5 for another 12 months, providing relief around critical
Ahead of the coming indexation of contribution caps, super contributions are facing the reality of becoming increasingly complex, with fears
Consistency will be the key approach when applying the specific methodology of apportioning expenses, while continued alterations are likely
The ATO has completed its follow-up mailout to all auditors regarding SMSF auditor number (SAN) misuse, seeing the highest response rate it
The collaboration will now see BDO provide its audit services to the SMSF service provider.
Understanding the complete picture of the operating expenses of an SMSF will require research to dig deeper, as limitations can be seen due
Understanding how reportable breaches will be decided and weighed upon will be crucial when preparing the SMSF’s investment strategy to be
The extension of measures enabling SMSF corporate trustees to electronically execute documents has suffered a setback, with proposed legisla
How much is your client base affecting the valuation you can get for your business? One M&A consultant reveals the types of clients savv
Newly released SMSF statistics are showing how the sector is changing over time, with figures indicating a shake-up when it comes to the pat
While the COVID-19 pandemic has caused a delay in the introduction of six-member SMSFs, Townsends Business and Corporate Lawyers said its ar
The government’s Retirement Income Review has greatly overestimated the likely retirement income delivered to workers in its modelling if
ASIC has told a parliamentary committee that financial advisers will continue to pay heavy industry levies until costs can be recovered from
The use of segregation can be a complex undertaking for SMSFs and will require proper consideration of tax outcomes and additional expenses
The ATO’s most recent SMSF statistical report indicates that establishments remain steady as assets continue to increase from the previous
Heffron has launched a new personal transfer balance cap calculator which will help navigate the various uncertainties for SMSFs impacted by
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