Articles by Darin Tyson-Chan

ATO

Director ID application rejection rare

Director identification rejection

The ATO has acknowledged instances of applications for a director identification number being rejected are likely to be very rare.

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ATO

Rollover management now needed

SuperStream SMSFs rollovers

The requirement for SMSFs to use the SuperStream system to process member rollovers has made prudent fund management more critical.

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Superannuation

DIN storage, access a concern

DIN SMSF security

The lack of detail regarding the security protocols that will be applied to director identification numbers is causing some angst in the SMSF sector.

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ATO

ATO attempts to improve SuperStream operation

SuperStream ATO

Superannuation trustees have been provided with more information by the ATO to address some of the common issues with SuperStream.

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Strategy, Technology

Investment strategy software of value

SMSF investment strategy

Accountants not satisfied with their current SMSF investment strategy template should consider using software developed specifically for this task.

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ETFs, Technology

Trading platform improves functionality

JAAIMS Trading platform

A group of ETFs and improved functionality have now been included on the Jaaims online trading platform.

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ATO, Superannuation

Mobile app main director ID avenue

SMSF DIN app

SMSF trustees requiring a director identification number will have to apply for one using the myGovID app on their mobile device.

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Superannuation

Elder abuse risk higher now

elder abuse SMSF

The reliance on virtual meetings as a result of coronavirus lockdowns has led to elder abuse risk increasing among mature SMSF clients.

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Accounting

Accountants fail on client targets

accountants SMSF clients

Research into the sector has shown accounting firms are falling well short of the number of SMSF clients they would ideally like to be servicing.

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ASIC, Financial Planning

Limited advice guidance released

limited advice ASIC

Practitioners providing limited financial advice have been provided with an ASIC information sheet to assist with their compliance obligations.

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