The SMSF Association has partnered with the University of Adelaide to offer a graduate-level SMSF qualification to specialists across various professional disciplines.

The SMSF Association has called on the federal government to enshrine the objective of superannuation in stand-alone legislation and not as part of existing super or tax laws.

The Australian Securities and Investments Commission (ASIC) has accepted an enforceable undertaking (EU) from Sydney-based CMH Financial Group and its sole director, Daniel White, following several instances of inappropriate SMSF advice.

A former New South Wales company director, who ASIC said persuaded investors to set up SMSFs and pay about $618,000 for sham property investments, has been found guilty of six charges fraudulent misappropriation.

BGL Corporate Solutions has announced over 1000 firms are now using Simple Fund 360, making it the most widely used SMSF administration program in Australia.

Commercial law firm Cowell Clarke is offering accountants full compliance support in the lead-up to the introduction of the new licensing regime via a new secure web portal that will act as a management tool for licensee compliance requirements, needs and queries.

The SMSF Association has called for Treasury’s Tax Expenditures Statement (TES) to be replaced with economic modelling, following recent calls to cut super tax incentives based on their size as reported in the most recent statement.

Leading SMSF administration software specialist Class has continued to develop automation in the SMSF sector, announcing a collaboration with Australian depreciation schedule provider Depreciator.

The SMSF Association has warned accountants not to expect an extension to the 1 July deadline for the new licensing rules and has implored them to act now to ensure they will be able to provide SMSF advice legitimately under the new legislative framework.