Articles by Darin Tyson-Chan

Administration, ATO, BDBNs

BDBN myth dispelled

BDBN

A binding death benefit nomination can completely replicate the terms of a reversionary pension, but in a more practical fashion.

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Superannuation

Cohort most affected by soft cap identified

Superannuation soft cap

The individuals who will feel the greatest impact from the proposed $3 million superannuation soft cap have been identified by industry research.

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SMSF, SMSFA, Superannuation

Soft cap discriminatory to SMSFs

Soft cap

The government has been accused of showing bias against SMSFs in its proposal to implement a $3 million soft cap on superannuation members.

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Superannuation

Super gender gap has shrunk in past decade

Gender gap

The superannuation gender gap continues to exist, but has shown significant improvement over the past 10 years.

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Education, financial advice, Regulation

Bill defining experience pathway released

Adviser experience pathway

Draft legislation has been introduced defining the experience pathway whereby advisers will be deemed to have met their education requirements.

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Auditing, Investments, SMSF, Strategy

Poor investment strategies qualified

Investment strategy

The employment of a generic SMSF investment strategy has provided sufficient grounds for a qualified audit report for a prominent practitioner.

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Superannuation, Tax

New super tax doesn’t promote fairness

Superannuation tax

IFPA has rejected claims the new tax on superannuation balances over $3 million will allow the system to achieve greater fairness and equity.

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Accounting, Administration, SMSF

Class improves its market presence

SMSF software provider

Class has recorded a jump in the number of clients using its suite of products for the 12-month period to the end of March 2023.

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Auditing, SMSF, Superannuation, Tax

Alternative soft cap method mooted

Net taxable investment earnings

The SMSF Auditors Association of Australia has suggested a different calculation process be used for the proposed tax on super balances over $3 million.

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ASIC, Auditing, SMSF

More SMSF auditors sanctioned

SMSF auditors

ASIC has taken enforcement action against 11 registered SMSF auditors, including the disqualification of seven practitioners.

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