Articles by Jason Spits

ASIC, Auditing

ASIC adds conditions to auditors registrations

ASIC auditors conditions

ASIC has taken disciplinary action against two SMSF auditors, adding conditions to their registration after independence breaches and audit quality deficiencies were uncovered.

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Retirement

Retirement income review will bust myths

Retirement Income Review

The long-awaited Retirement Income Review will address myths about superannuation and is likely to be released after the federal budget.

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Administration, Property

Heffron launches rent relief toolkit

Heffron toolkit

Heffron has launched the second stage of its Super Toolkit, covering auditor and ATO requirements related to COVID-19 rent relief measures.

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Pensions

Legacy pension change not on govt agenda

Legacy pensions

The complex nature of legacy pensions and a full government agenda meant any reforms were unlikely to take place in the near future, according to a government minister.

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Investments

Collectables squeezed out by insurance

SMSFs collectable assets

The holding of collectable and personal-use assets inside an SMSF has dropped away significantly due to strict restrictions about insuring the items.

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ATO, Pensions

ATO extends commutation assistance service

ATO commutation assistance

The ATO has extended the time for trustees issued with a commutation authority to make direct contact and seek assistance with any problems.

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Superannuation

Super changes still being bedded down

superannuation changes

Sweeping changes to superannuation in 2017 are still not fully understood and further changes are unlikely in the near future, according to a government minister.

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Technology

Fintech signs deal with large advice firm

Fintech Padua Findex

Fintech business Padua has signed a back-office service provision deal with advisory firm Findex.

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ATO, Superannuation

Most SMSF early access legitimate

SMSF early access

The ATO has found most applications for early release from SMSFs was legitimate, but is taking a closer look at 2000 claims.

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Education

SMSFA builds out designation program

SMSFA Specialist Adviser designation

The SMSFA has revamped its SMSF specialist adviser designation course with more in-depth training material and extended the time frames for the completion of units within the course.

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