Articles by Darin Tyson-Chan

Superannuation

New cost data makes impact

SMSF cost data

The most recent study into SMSF costs is already having an effect on sector information provided by government agencies.

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Financial Planning

SMSF advice of high quality

SMSF advice high quality

The quality of SMSF advice being provided to consumers has been found to be of very high quality and the number of complaints are low, according to the Australian Financial Complaints Authority.

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Auditing

Independence evidence outlined

auditor independence evidence

The evidence accounting firms will need to have to prove no breach of the amended auditor independence standards has occurred has been specified.

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Superannuation

SMSF practitioners strong in 2020

SMSF practitioners 2020

The SMSF sector performed well in 2020 on all fronts, including during the heights of the COVID-19 crisis and state lockdowns.

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Documentation, Succession Planning

Care needed over LPR timing

LPR appointment timing

The length of time it takes to commence death benefit payments can impact the appointment of a legal personal representative.

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Technology

GBST facility includes SMSFs

GBST SMSF rollovers

Users of the GBST SuperStream Gateway can now process SMSF rollovers to public offer funds.

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Superannuation

Call for top-up measures

superannuation top-up measures

A major accounting body has called for the implementation of specific measures to replenish superannuation accessed early due to COVID-19.

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Documentation, Technology

Keep processes tight using new technology

SMSF approval procedures technology

High standards regarding SMSF approval procedures need to be maintained despite the increased use of technology.

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Business News, Practice Management

Communications revamp to impact sector significantly

advisers trustees communication

Imminent changes to accepted communications techniques are likely to have a significant impact on SMSFs.

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Pensions

No pension reserve solution yet

pension reserve SMSF

SMSF practitioners are still searching for ways to extinguish pension reserves in an SMSF that are no longer needed.

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