News

ATO, Strategy

ATO highlights professional advisers’ role in compliance

Professional advisers have been recognised by the ATO for their work in ensuring SMSF trustees maintain their obligations.

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Education, Superannuation

SMSF Association revamps trustee education website

The need for greater trustee education has led the SMSF Association to relaunch its consumer-oriented website.

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Investments, Strategy, Superannuation

Default options, inertia key drivers for members

New research from Vanguard has shown the default option in investments and asset allocations is the predominant setting for most super fund members.

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Strategy

Alternate or successor director for an SMSF? – Part one

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DBA Lawyers compares the option of a director nominating an alternate director in contrast to nominating a successor director in an SMSF context to determine which is better.

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Pensions

TBAR benefit can come from timely pension start

An SMSF strategist has recommended advisers start a pre-preservation age pension as soon as possible.

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ASIC, Commercial Property

ASIC wraps up last action against Westpoint

After 19 civil actions, ASIC has wrapped up its financial recovery efforts related to the failure of WA-based property group Westpoint in 2005.

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Superannuation, Tax

New CGT concessions book hits the shelves

A just-published book is aimed at acting as a reference guide to the small business capital gains tax concessions and their superannuation implications.

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Regulation, Strategy

SMSF body endorses six-member fund maximum

The move to increase the maximum number of SMSF members from four to six has met the approval of the peak sector body.

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ATO, Superannuation

ATO issues super access guidance

The ATO has warned SMSF trustees about the seriousness of accessing their superannuation benefits illegally.

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ASIC, Superannuation

SMSF adviser cops 10-year sentence over conduct

An adviser banned by ASIC has also been sentenced to 10 years’ imprisonment on eight counts of engaging in dishonest conduct.

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