News

Division 296, SMSF, Superannuation, Tax

Div 296 tax called out as un-Australian

The proposed Division 296 tax has been labelled as running counter to the accepted ethos of traditional Australian society.

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Accounting, Compliance, financial advice, Financial Planning, SMSF

Avoid direction in unlicensed advice

Unlicensed SMSF practitioners must not influence clients to act, but can provide operational information around the creation and running of a fund.

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Aged Care, Estate Planning, financial advice, Financial Planning

Make aged care part of retirement planning

Aged care should not be seen as a separate area of advice, but included in any retirement discussions in the same manner as estate planning.

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Education, financial advice, Financial Planning

FAAA expands specialisation program

The FAAA has issued a call out to education providers to participate in broadening specialist areas relevant to financial planning.

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Division 296, SMSF, Superannuation, Tax

Sitting days may hamper Div 296 progress

A limited number of parliamentary sitting days may delay the start of the proposed Division 296 tax, opening the door to changes.

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Commercial Property, Property, SMSF, Trusts

Next generation not a property fix

Including younger generations as members of an SMSF is unlikely to solve any problems arising from holding business real property in a fund.

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AFCA, Compliance, financial advice, Financial Planning, SMSF

Structure not at heart of SMSF complaints

SMSF complaints received by AFCA have been caused by poor and conflicted advice and not by the underlying fund structure.

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ETFs, Investments

Low-cost Australian shares ETF launched

Global X ETFs Australia has released a new product on the ASX giving investors exposure to the top 300 domestic companies.

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Administration, Auditing, Practice Management, SMSF, Superannuation, Technology

AI already improving audit process

Artificial intelligence tools are already noticeably improving the SMSF audit process for practitioners and clients alike.

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Pensions, SMSF, Strategy, SuperStream, Tax

Pensions should not be a tax dodge

Starting a pension in an SMSF to extract large amounts of money and in the process avoiding a CGT liability may be viewed as a misuse of the fund.

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