Articles by Jason Spits

ATO

ATO seeking deeper data on SMSF investments

ATO data SMSF investments

The ATO would like to collect more detailed data on the investments of SMSFs and may consider changes to the annual return to gather it.

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ATO, Pensions

TBAR hampered by lack of real-time data

real-time data transfer balance

The lack of real-time data from the ATO about the transfer balance account (TBA) is hampering the ability of SMSFs to manage pension transfers.

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Accounting, Investments

Treat investment strategies as product advice

investment strategy financial product

Accountants should treat investment strategies as financial products and be guarded in their advice about them to avoid legal missteps, an SMSF lawyer has claimed.

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Compliance, Financial Planning

Impact of code monitoring shift minor

code monitoring associations standards

Financial advice associations have brushed off suggestions a government run disciplinary body would reduce their role but questioned how the body will work.

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ATO

ATO letter campaign boosts trustee awareness

ATO investment trustees awareness

The ATO has yet to consider if it will write to trustees again raising concerns over investment strategies, claiming the current campaign has raised sufficient awareness.

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Features

2019 SMSF roundtable: Back to the future

smsf roundtable 2019
&

Selfmanagedsuper‘s annual SMSF Roundtable discussed the impact of key events in advice, policy developments and trustee education.

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FASEA, Financial Planning

Govt drops associations from adviser oversight

financial advice ethics enforcement

Financial advice associations have been cut out of the code of ethics enforcement model as tge government announces the creation of a new disciplinary body.

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Regulation, Superannuation

Trustees given clarity on NALI expenses

trustees SMSF free services

Trustees can provide services free of charge to their own fund but must be aware of which capacity they are acting in when they do so, according to an SMSF legal expert, who claims a new ruling has clarified these conditions.

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Superannuation, Tax

Success of super may mean inheritance taxes

superannuation inheritance taxes

The large sums of money currently in superannuation that are being passed on to succeeding generations is likely to lead to the introduction of inheritance taxes, a boutique advice firm has predicted.

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FASEA

FASEA exam attracts record registrations

FASEA exam record registrations

Around 5000 financial advisers will have registered for FASEA exams during 2019 with a record number set to take on the exam in December.

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