Articles by Jason Spits

SMSFs failing to renew trading identifier

June 23, 2020

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

Industry applauds passing of exam extension

June 17, 2020

Jason Spits

The passing of a bill extending the deadline for advisers to complete the FASEA exam has been widely welcomed by the financial advice sector.

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ETFs

SSGA model portfolio ETFs added to HUB24

June 17, 2020

Jason Spits

Four ETF model portfolios from State Street Global Advisors will be available to financial advisers through the Hub24 platform.

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ATO, Tax

Not all NALI is off ATO radar

June 16, 2020

Jason Spits

The ATO’s recent ‘no-action’ stance on some non-arm’s-length income (NALI) positions has overshadowed the fact that other provisions have applied since 2018.

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Financial Planning