Articles by Darin Tyson-Chan

Financial Planning

Client spotlight on licensees

Financial planner licensee

Consumers are increasingly scrutinising the licensees with which their financial planners are associated in light of last year’s royal commission, a recruitment agency has observed.

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Auditing

Annual return audit requirements may not last

Part A qualifications

A specialist auditor has suggested the new reporting requirements on the SMSF annual return regarding Part A qualifications from auditors may not be permanent.

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Administration, Business News

New administration platform for trustees

SMSF administration function

A software application has been launched that allows SMSF trustees to perform the administration of their funds without professional assistance.

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ATO, Auditing

Audit standards need to lift

Top 100 SMSF auditors

A specialist practitioner has called for improved professional standards from the auditing community, given the results of the ATO’s review of the top 100 SMSF auditors to date.

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Superannuation

IPA notes end of SG anomaly

Super guarantee levy

A major accounting body has reminded all superannuation stakeholders that a loophole in the retirement savings system governing the super guarantee levy has been closed.

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Financial Planning, Regulation

Licensing overhaul not needed

Licensing framework change

The current financial services licensing regime does not need to be changed to make allowances for accountants providing advice, the head of an industry body has said.

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ETFs

Van Eck provides new income solution

ETF model portfolio income

A new exchange-traded fund model portfolio aimed at providing investors, particularly retirees, with a better income solution has been introduced to the market.

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Auditing, Regulation

SAN misuse needs harsh penalty

SMSF auditor numbers

Tax agents found to have deliberately misused SMSF auditor numbers should have suitably severe punishment handed down to them, a specialist auditor has said.

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Administration, ATO

SMSFA wants better data access

SMSF ATO data

The SMSF Association is pushing for ATO data to be made available to a greater number of practitioners.

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Compliance, Superannuation

TBC indexation determined in late January

Transfer balance cap indexation

Superannuants will know in late January whether indexation will be applied to the transfer balance cap from 1 July 2020.

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