Articles by Jason Spits

Regulation, Superannuation

Smaller funds bear larger regulatory burden

Reform of the regulatory cost levies charged to APRA-regulated super fund members is needed as those in medium and smaller retirement savings vehicles pay more than those in large ones each year.

Reform of the regulatory cost levies charged to APRA-regulated super fund members is needed as those in medium and smaller retirement savings vehicles pay more than those in large ones each year.

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ATO, SMSF, Tax

Check entitlement with CSLR payments

SMSFs receiving a payment from the CSLR must first check whether the fund or members can receive it before deciding how to process it for tax purposes.

SMSFs receiving a payment from the CSLR must first check whether the fund or members can receive it before deciding how to process it for tax purposes.

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ATO, SMSF, Superannuation

Merchant Part IVA appeal dismissed

The founder of Billabong has been unsuccessful in overturning a ruling he breached the Part IVA rules in regards to share acquisitions carried out by his SMSF.

The founder of Billabong has been unsuccessful in overturning a ruling he breached the Part IVA rules in regards to share acquisitions carried out by his SMSF.

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Death benefits, Legislation, SMSF, Superannuation

Benefit dispute highlights SMSF value

DBA Lawyers, William Fettes, BDBN, AFCA, Federal Court, Richard Lynn, Australian Prudential Regulation Authority, APRA, SMSF death benefit, SMSF lawyer,

A death benefit payment that was ruled on by AFCA and the courts has demonstrated the advantages of nominations and succession planning inside an SMSF.

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ASIC, financial advice, Financial Planning, SMSF

Poor SMSF advice leads to $11m penalty

A licensee that provided cookie cutter advice about property investments via SMSFs has received a multi-million dollar fine.

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Education, Retirement, SMSF, Superannuation

Downsizer not sole home sale benefit

Smarter SMSF, education, SuperGuardian,Tim Miller, 

SMSF members who can make downsizer contributions before retirement can use those funds in more than one way apart from a lump sum addition to super.

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ATO, SMSF

ATO urges SMSFs to go paperless

SMSF trustees have been encouraged to lodge activity statements using the ATO’s paperless, online system, which gives them more time to submit documents.

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ATO, SMSF, Superannuation, Tax

Tax agents must review SMSF skills

ATO, The Auditors Institute, Deloitte, SMSF, Liz Westover,

Tax agents who do small numbers of SMSF returns may want to reconsider if they have retained the skills and experience to continue this work.

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Business News, Investments, Technology

Selfwealth to delist after sale

Selfwealth, Craig Keary, Samantha Horton, Dhruv Arora,

Investment platform Selfwealth will shift into private ownership after shareholders agreed to a cash sale to an Asian firm operating a similar business model.

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financial advice, SMSF, Superannuation

TSB key to contribution decisions

total super balance, TSB, SuperGuardian, Tim Miller,

The size of someone’s total super balance will be the first factor in determining whether they can deploy a contribution strategy and may limit the options open to them.

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