Articles by Jason Spits

ATO confirms independence threat details

April 6, 2021

The ATO has confirmed what may threaten auditor independence when a large volume of business comes from a single referral sources.

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Compliance

Poor trustee history can close funds

April 1, 2021

Jason Spits

The inclusion of a trustee with a poor compliance history can create future problems for an SMSF and lead to the ATO making the fund non-compliant.

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Appointments

AMP confirms change of CEO

April 1, 2021

Jason Spits

AMP will have a new chief executive after the company confirmed a senior ANZ executive will replace Francesco De Ferrari.

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Retirement

Retirees running out of super before death

March 31, 2021

Jason Spits

New research has found most retirees currently run out of super well before their death, contrasting recent claims they are sitting on large sums.

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Documentation, Pensions

Pension tool targets documentation accuracy

March 31, 2021

Jason Spits

Heffron has released a new pension documentation tool aimed at providing more clarity around the timing and decisions that led to the start of a pension.

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Retirement

Age pension reliance higher than claimed

March 31, 2021

Jason Spits

Long-term analysis shows retirees are more reliant on the age pension than recent reports suggest, according to an industry research group.

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Documentation, Financial Planning

Specialist advice can create defence shield

March 30, 2021

Jason Spits

Specialist SMSF advice can act as a defence against claims a trustee has breached their obligations, but only where that advice is appropriate and relevant.

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