Articles by Darin Tyson-Chan

Administration, Technology

DomaCom integrated with BGL

Domacom BGL

The integration between DomaCom offerings and BGL Simple Fund 360 administrative platform is now complete.

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Documentation

Reporting deadline may return

SMSF reporting deadline

The preparation of SMSF financial statements may yet have a deadline imposed on it with Treasury concerned by the open timeframes used.

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Superannuation

Super must be used better

superannuation efficient use

The government wants to assist Australians to use their retirement savings more efficiently as part of a policy to improve retirement outcomes.

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ATO, Auditing

Two clear rules for tax agents

tax agents audit rules

The ATO has specified two situations under which it will not allow tax agents to perform an SMSF audit, adding to its practical guidance around the issue.

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Technology

Technology to assist wind-ups

SMSF technology

The adoption of technology currently available in the market could provide significant benefits for SMSFs in relation to fund administration, a strategic specialist has said. 

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Auditing

Extension for auditors sought

Extension sought for auditor independence standard

The SMSF Association has sought to extend the deadline by which accounting firms have to comply with the amended auditor independence standard.

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Investments

COVID measure outs inadequate investment strategies

SMSF investment strategies

Inadequate investment strategies were exposed by the minimum pension draw down changes introduced as part of coronavirus relief measures.

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Estate Planning, Financial Planning, Succession Planning

Intergenerational relationships needed

intergenerational advice relationships

Intergenerational client relationships, instead of a focus on mature age clients, is critical for the future success of advisory practices.

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Compliance, Regulation

AFCA review boundaries defined

AFCA review

The terms of reference for the review of the Australian Financial Complaints Authority have been defined with a focus on the effectiveness of the dispute resolution body.

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Superannuation

SMSFs to continue spousal appeal

SMSFs couples

SMSFs established by husbands and wives will continue their popularity into the future, according to a superannuation sector research firm.

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