Articles by Jason Spits

Excess charge move not industry call

June 23, 2021

A change to legislation that will remove charges for excess concessional contributions may result in misuse and was not called for by the SMSF sector.

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Investments

Collectables require expert advice

June 22, 2021

Jason Spits

SMSFs holding collectable assets should rely on third-party expert opinions as to their value and place in the fund strategy instead of those of the trustees.

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Contributions

Contribution transfers should be active now

June 22, 2021

Jason Spits

SMSFs using a clearing house to make end-of-year contributions should have taken action already to ensure the funds are processed by 30 June.

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Regulation, Superannuation

Six-member bill passes through parliament

June 21, 2021

Jason Spits

Legislation to allow the creation of six-member SMSFs has passed through parliament, but has drawn a cheap shot at advisers from a senator.

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Financial Planning

Time to end persecution of advisers

June 21, 2021

Jason Spits

The AFA has called for an end to the denigration of financial advisers after an opposition senator labelled them as giving “shonky advice”.

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Regulation, Superannuation

Six-member SMSF law progresses

June 17, 2021

Jason Spits

Parliament has taken action on three separate superannuation bills, extending bring-forward arrangements and moving the introduction of six-member funds a step closer.

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Documentation, Financial Planning

Ongoing fee arrangement guidance released

June 15, 2021

Jason Spits

Advisers have been provided with new guidance by ASIC on handling ongoing fee arrangements that incorporates royal commission recommendations.

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Documentation, Technology

New online fact find launched

June 15, 2021

Jason Spits

The hurdles of COVID-19 have driven a financial planner to create a new online fact find tool that meets new legal obligations for storing client records.

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Pensions