Articles by Darin Tyson-Chan

Technology

Technology expectation gap real

SMSF technology

SMSF administrators are expecting greater efficiency savings from the adoption of technology than they are currently experiencing.

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Regulation

Review history must be used

advice review history

An accounting body has asked for the learnings from previous industry assessments to be used in the Quality of Advice Review process.

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Financial Planning

Limited licence solution ready

Limited licensing solution

A solution to the limited licensing regime applying to the provision of financial advice has been constructed by a collective of industry bodies.

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Pensions

Call for permanent minimum pension reduction

AIR minimum pension

A call has been made by the Association of Independent Retirees to permanently reduce the minimum pension and simplify the system’s age bands.

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Financial Planning

Better delivery of advice needed

financial advice review

Improving the delivery of financial advice to consumers is a key result Treasury’s Quality of Advice Review should deliver.

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Regulation

Super earmarked for economic policy role

superannuation policy labor

Superannuation will definitely play a more specific and significant role in the economic policy of the Labor Party should it win the federal election.

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ATO

ATO automation requires patience

ATO SMSF Association

The ATO is working towards increasing its use of technology, but the industry needs to be realistic as to how long it will take for this to happen.

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Superannuation, Tax

No new super taxes from coalition

superannuation taxes

The Morrison government has vowed there will not be an increase to superannuation taxes should it be returned at next month’s federal election.

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Auditing

SAN misuse action having effect

SAN misuse action

Positive results are materialising from the ATO mail-outs to auditors and trustees as a means of addressing instances of SMSF auditor number misuse.

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ATO, Auditing

ATO ups auditor independence focus

ATO auditor standards compliance

The ATO will be placing greater emphasis on compliance with the auditor independence standards this year as it is considered a high-risk issue.

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