Articles by Jason Spits

Liquidity will test trustee strategies

January 14, 2021

A failure by trustees to account for liquidity in an investment strategy may be tested by SMSF members hit by COVID-19 related losses.

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Auditing

Amended standard drives audit firm interest

January 13, 2021

Jason Spits

The need to meet new auditor independence standards has led to an increase in interest around third-party audit services.

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Strategy

TBC indexation may mean moving thresholds

January 12, 2021

Jason Spits

Possible indexation changes to the transfer balance cap later this year will create an irregular schedule of changes to contribution caps that may affect bring forward strategies.

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ASIC

ASIC action over false promotion

January 11, 2021

Jason Spits

The Australian Securities and Investments Commission has taken legal action against two firms over the promotion of SMSFs to invest in property, challenging claims around returns and the legality of the advice.

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Business News

Technical manager achieves milestone

January 11, 2021

Jason Spits

Heffron has recognised the 20th anniversary of the recruitment of one of its key personnel noting she has become a significant force in the SMSF industry.

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Strategy, Succession Planning

Trust structures key to succession planning

December 22, 2020

Jason Spits

The correct wording of a corporate trustee constitution for SMSFs is essential to compensate for gaps in legislation around the succession of a trustee director.

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Education, FASEA

Another 1000 advisers sit FASEA exam

December 22, 2020

Jason Spits

The last FASEA exam for 2020 has resulted in a pass rate of about 75 per cent, a figure below the average across all exams.

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ASIC

La Trobe rejects ASIC advertising action

December 21, 2020

Jason Spits

ASIC has commenced court action regarding advertising by La Trobe Financial Asset Management, with the manager rejecting allegations it was misleading.

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Education, FASEA