Articles by Jason Spits

FASEA

FASEA pass rate continues to drop

October 25, 2021

The number of advisers sitting and passing the most recent FASEA exam has declined again, continuing a trend seen across the year.

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NALI/NALE, Superannuation

Financial interest duty unclear on NALE impact

October 21, 2021

Jason Spits

The best financial interest duty remains unclear as to whether SMSF trustees that trigger a NALE event inside their fund will be able to use fund assets to pay the tax bill.

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Education

Advisers embrace education en masse

October 20, 2021

Jason Spits

Financial advisers have drastically increased their uptake of courses to meet FASEA’s education standards, according to statistics released by the authority.

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NALI/NALE

Industry marshals NALE arguments

October 19, 2021

Jason Spits

A group of industry associations will collectively present case studies highlighting the impact of NALE provisions on super funds as part of a push to make changes.

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NALI/NALE

Government reviewing NALE impact

October 18, 2021

Jason Spits

The government is looking at the impact of NALE provisions on SMSFs and may offer a solution, according to an industry body.

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Financial Planning, Property

COVID issues key adviser concerns

October 18, 2021

Jason Spits

COVID relief measures for SMSFs and the use of property have been key areas of concern for advisers in the past quarter.

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Estate Planning, Retirement

Be wary about claims around incapacity

October 14, 2021

Jason Spits

Any claims about the incapacity of an SMSF trustee must come with fully documented evidence and should not rely only of the word of an attorney.

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Financial Planning

ASIC further extends COVID SOA measures

October 14, 2021

Jason Spits

ASIC has extended relief measures which allow the use of records of advice for COVID-19 financial hardship-related advice until April 2022.

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Financial Planning

FPA welcomes FSC advice recommendations

October 14, 2021

Jason Spits

The FPA has welcomed recommendations from the FSC to reduce the cost and complexity of advice, noting they are consistent with its own reform plans.

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Investments, LRBA

Property investments clouded in statistics

October 13, 2021

Jason Spits

The total percentage of property assets in SMSFs is split across different categories, but combining them under a single asset class shows property is the second largest investment area.

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