The diminishing role of investment in China’s gross domestic product and the increasing part consumer spending is playing in the country’s economy are creating investment opportunities in new sectors. Capital Group investment specialist Andy Budden said many Chinese who previously struggled to afford housing were now finding they had excess cash to spend on discretionary […]

The Australian Taxation Office (ATO) has announced it will contact SMSF trustees who have fallen foul of the dividend stripping arrangements as defined in Taxpayer Alert 2015/1 (TA 2015/1), allowing them to correct the tax positions of their funds without penalty.

Leading superannuation law firm Townsends Business and Corporate Lawyers is encouraging SMSF trustees and advisers to review any arrangements where the fund is using a unit trust as an investment vehicle in light of coming legislative amendments.

The SMSF Association has applauded the federal government’s proposed move to extend choice of superannuation fund via legislation.

The ability to be able to provide a single destination for the advice needs of SMSF trustees will be the fundamental challenge for accountants over the coming year, according to a senior executive of a financial services research house. CoreData head of financial services Julian Fewtrell said the predicament facing accountants with SMSF clients stems […]

The SMSF Owners’ Alliance (SMSFOA) has called on the federal government to reform the tax system being applied to superannuation by abolishing all taxes charged on fund earnings and changing the way contributions are taxed.

The SMSF Association will be rolling out a number of programs to support its members throughout 2016 with a focus on raising the profile of professionals operating in the space.

Opinion remains divided on whether the trusted status accountants enjoy among their clients and the greater public will be eroded if some practitioners are found to be providing poor SMSF advice under the licensing regime, according to a financial services research company senior executive.