Articles by Darin Tyson-Chan

financial advice, Financial Planning

FAAA calls for fixing of CSLR flaws

FAAA, CSLR, post-implementation review, Financial Advice Association of Australia, Compensation Scheme of Last Resort, personal advice, general advice, wholesale client advice, special levy, sector cap, $10 million

The FAAA has made several key recommendations to improve the CSLR in its submission regarding the post-implementation review of the measure.

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Contributions, Tax

Cap breach can improve tax components

SMSF members can enjoy an unexpected benefit with regard to the taxable component of their benefits subsequent to making a contribution in error.

SMSF members can enjoy an unexpected benefit with regard to the taxable component of their benefits subsequent to making a contribution in error.

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Pensions

TBC increase not just about pensions

Indexation, general transfer balance cap, superannuation, BT, Michael Tran, total super balance, TSB, co-contributions, spouse contribution, tax offset average weekly ordinary time earnings, AWOTE

The indexation that will be applied to the general transfer balance cap, taking it to $2 million, will also have other non-pension implications.

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Contributions, Superannuation, Tax

Contribution can equal forgiven charge

An invoice issued by a trustee to their own SMSF for services but then forgiven can determine the value of the contribution needing to be recorded.

An invoice issued by a trustee to their own SMSF for services but then forgiven can determine the value of the contribution needing to be recorded.

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Accounting, financial advice, Financial Planning

Accountants’ advice role to be upped

Accountants, ATO portal, Treasury, Tax agents, Shadow minister for Financial Services, Luke Howarth, SMSF Association National Conference 2025,

Accountants will be allowed to play a more significant role in the provision of financial advice should the coalition win the next federal election.

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Business News, SMSF, Superannuation

Excellence recognised for 2024

The annual sector awards were presented at the SMSF Association National Conference 2025 to four members whose excellence was recognised in 2024.

The annual sector awards were presented at the SMSF Association National Conference 2025 to four members whose excellence was recognised in 2024.

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Compliance, Legislation, Regulation

Waiting for final legislation unnecessary

Advisers have been told not to wait until legislation and regulatory changes have been finalised before including them in their business operations.

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AFCA, Investments

AFCA ruling jeopardises SMSFs

AFCA determination, Australian Securities and Investments Commission, ASIC, SMSF Association, Peter Burgess, Australian Financial Complaints Authority, AFCA,

A significant number of SMSF trustees may be adversely affected by a recent AFCA determination regarding the wholesale investor definition.

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ATO, Compliance

Compliance focus reflected in ATO data

ATO statistics, SMSF compliance, SMSF trustee contraventions, market valuations, Smarter SMSF, Tim Miller, arm’s-length transactions, loans to members, provision of financial assistance, separation of assets

The latest ATO statistics published about the sector reflect the regulator’s emphasis on certain compliance areas in the past few years.

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Commercial Property, Education, financial advice, SMSF, Superannuation

BRP test hinges on business operation

Property, commercial, Business real property. Natalie Scott, Accurium, 

Whether a tenant uses a premises to operate a commercial enterprise is the sole determining factor in satisfying one of the business real property criteria.

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