Articles by Jason Spits

FASEA extends CPD period by three months

June 25, 2020

Advisers have been given a one-off extension period in which to fulfil their CPD requirements by FASEA in recognition of the disruption caused by COVID-19.

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Auditing

ATO will examine SMSF auditor independence

June 25, 2020

Jason Spits

SMSF auditors will have their work processes examined by the ATO after new guidelines were introduced governing the scope of their independence.

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Superannuation

Return targets need post-pandemic review

June 24, 2020

Jason Spits

Super funds should be resetting target returns in line with lower interest rates and downturns in global markets as current numbers are unrealistic.

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Investments

SMSFs failing to renew trading identifier

June 23, 2020

Jason Spits

SMSFs are failing to renew an important identification number required for international trades of non-equity investments, according to an issuer of the number.

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ATO, Superannuation

ATO watching early release claims

June 23, 2020

Jason Spits

The ATO has repeated warnings it will act against people abusing the early release scheme and has informed them they are being tracked.

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ATO, Superannuation

Wind-ups peak but growth continues

June 22, 2020

Jason Spits

New ATO data shows the level of SMSF wind-ups peaked in 2017/18, but the size of the SMSF sector continues to grow steadily.

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Pensions

Time to review commuted pension reporting

June 22, 2020

Jason Spits

The passing of a recent omnibus bill has restarted the clock for SMSFs to report when members have commuted a market-linked pension.

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Pensions, Regulation

Exam bill brings other changes

June 18, 2020

Jason Spits

The welcome news of a longer time frame to complete the adviser exam has overshadowed necessary changes to lingering death benefit and pension issues.

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FASEA