Articles by Darin Tyson-Chan

ATO, Auditing

Reciprocal auditing arrangements in the gun

The ATO has declared its intention to focus its compliance activities on the practice among SMSF auditors of using reciprocal arrangements that represent breaches of independence.

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Profiles

One on one with…Brian Hor

Townsends Business and Corporate Lawyers special counsel Brian Hor recognised the importance of estate planning early in his SMSF-related career.

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ASIC, Education, Insurance

Education key to 2019 advice proposition

SMSF; FASEA; credit; specialist

The findings from the Australian Securities and Investments Commission’s (ASIC) “Report 575: SMSFs: Improving the quality of advice and member experiences” indicate education activities for trustees should be an important part of advice propositions in the coming year, according to a specialist business consultant.

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ETFs, Investments

Fidante unveils active ETF suite

Investment manager Fidante Partners today launched its ActiveX offering, which will comprise a series of actively managed exchange-traded funds (ETF) run by a variety of boutique fund managers.

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Regulation, Superannuation, Tax

Current imputation refund impost not accounted for

The Financial Services Council (FSC) has criticised the premise the Labor Party has used from a government expenditure perspective to justify its proposed policy of banning imputation credit refunds for certain retirees in its submission to the House of Representatives Standing Committee on Economics inquiry on the matter.

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Property, Superannuation, Tax

Negative gearing change to increase super appeal

The change to the negative gearing rules the Labor Party is likely to introduce should it win power at the next federal election could make superannuation an even more attractive investment vehicle from a tax perspective, a mid-tier accounting firm has predicted.

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HNWI, Regulation, Superannuation

Reforms have blunted imputation credit policy

The effect of the $1.6 million transfer balance cap contained in the 2016 federal budget super reforms stands to diminish the amount of tax expenditure the Labor Party is looking to claw back from its proposed imputation dividend refund ban for certain individuals, a mid-tier accounting firm partner has said.

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Education, Financial Planning

CPD requirement handicaps part-time practitioners

The continuing professional development (CPD) requirements mandated under the Financial Adviser Standards and Ethics Authority (FASEA) will potentially disadvantage practitioners working part-time, such as women, the chair of a dealer group has said.

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ASIC, Auditing

Advisers must protect themselves from legal action

An SMSF business consultant has warned the findings contained in a recent Australian Securities and Investments Commission (ASIC) report about the sector’s financial advice provision indicate practitioners need to ensure they are properly protected against legal action from trustees in the event of an adverse outcome.

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Education, Financial Planning

FASEA classification process remains unclear

The determination as to whether an individual has a relevant degree under the new Financial Adviser Standards and Ethics Authority (FASEA) education guidelines for financial planners currently remains unclear.

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