Articles by Jason Spits

ASIC

Court action over SMSF advice EU

November 23, 2020

ASIC has returned to court to force an accountant to comply with the terms of an enforceable undertaking relating to a banning for SMSF advice.

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Retirement

Self-funded retirees welcome review report

November 23, 2020

Jason Spits

Self-funded retirees have welcomed the Retirement Income Review final report as a necessary, fact-based appraisal useful for creating new policies.

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Retirement

Retirement system ontrack

November 20, 2020

Jason Spits

The federal government has highlighted findings from the Retirement Income Review final report that the current model is adequate and functional.

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Superannuation

SG rise not needed with improved efficiency

November 20, 2020

Jason Spits

Greater efficiencies in the retirement income system could allow people to have adequate retirement income without an increase in the superannuation guarantee, a retirement review has claimed.

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Retirement, Superannuation

Retirement objective a community decision

November 20, 2020

Jason Spits

The greater community needs to set the objective for the retirement income system but must avoid vague outcomes that achieve little, the Retirement Income Review has recommended.

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ATO

Now a good time to come clean

November 19, 2020

Jason Spits

No-action positions taken by the ATO should encourage SMSF trustees to voluntarily tackle other compliance-related issues in their funds, an SMSF lawyer has advised.

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ASIC, Financial Planning

Protocol will enable five-year work check

November 19, 2020

Jason Spits

A draft reference-checking protocol includes the ability for licensees to check five years of an adviser’s work and audit history before deciding to employ them.

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Documentation