Articles by Darin Tyson-Chan

Strategy

Valuation of assets critical for TBC

The methodology used for the valuation of assets to determine compliance with the new transfer balance cap still requires clarity, according to an SMSF strategy expert.

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Business News

AMP sets SMSF revenue goal

AMP has set its SMSF arm a specific level of contribution to its wealth management division revenue in the immediate future.

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Business News

BGL refutes super reporting claims

Specialist SMSF administration software provider BGL Corporate Solutions has hit back at claims from the wider superannuation industry that Australian Prudential Regulation Authority (APRA)-regulated funds will be the first to commence events-based reporting.

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Business News

Two SMSF bodies become one

The Self-managed Independent Superannuation Funds Association (SISFA) and SMSF Owners’ Alliance have merged to form one body to act on behalf of Australians who have chosen to run their own retirement savings vehicles.

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Business News

Next stage in Evolv initiative released

Specialist SMSF audit firm Evolv has launched the next stage of its service offering, called Evolv White.

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Business News

Govt defers LRBA decision

The government has postponed any legislation decision regarding the treatment of outstanding loan balances on limited recourse borrowing arrangements.

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Accounting

Relying on exempt activities not ideal

Accountants who have decided not to participate in the Australian financial services licensing regime when servicing SMSF clients because they are engaging in activities that are exempt from this regulation framework need to be cautious due to anomalies existing in the rules, a specialist lawyer has said.

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Superannuation

Assets test limits downsizing budget measure

Retirees receiving a part or full age pension need to consider carefully whether or not to take advantage of the 2017 budget proposal allowing the proceeds of a property sale for downsizing purposes to be contributed to their SMSF due to the assets test rules, a chartered accounting firm partner has said.

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Business News

Legislation may have created advice void

Online financial product advice provider Accountants Scaled Advice Platform (ASAP) has raised concerns over the creation of an SMSF advice “black hole”.

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ATO

ATO offers record-keeping assistance

The ATO has notified advisers they can request information from the SMSF regulation body regarding their clients’ total superannuation balance in order to determine compliant contribution strategies in the lead-up to 1 July.

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