Articles by Jason Spits

ETFs, Investments

Franklin Templeton releases flagship ETFs

Franklin Templeton ETF exchange-traded fund Global Growth Fund Australian Absolute Return Bond Fund

Franklin Templeton has released listed versions of two of its leading managed funds offering global growth and fixed income exposure to all investors.

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Auditing, Trusts

Assert right to unit trust information

SMSF Unit trust investment Audit Beneficiary DBA Lawyers Bryce Figot

SMSFs invested in a unit trust have a right to information about the fund and should assert that right with its trustee who has an obligation to respond.

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AAT, ATO, LRBA, SMSF

SMSF lending ruling not a model to adopt

SMSF AAT ATO Private lending NALI non-arm’s length income BPFN

The ATO has warned an Administrative Appeals Tribunal ruling regarding private lending in an SMSF should not be taken as a model to apply to other arrangements.

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Superannuation, Tax

Watch Div 293 payment timing

Division 293 tax Release authority SuperStream SMSF Heffron Meg Heffron

SMSF members required to pay a Division 293 tax bill have been cautioned not to act too quickly and to follow the correct ATO process.

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ASIC, Investments

Mayfair director arrested for dishonest conduct

ASIC James Mawhinney Mayfair 101 IPO Wealth Fund dishonest conduct

Following a day of court action to strike out parts of an ASIC case against him, Mayfair 101 managing director James Mawhinney has been charged with dishonest conduct.

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financial advice, Superannuation

Super advice fee change urgent

Superannuation Financial advice Joint Associations Working Group JAWG Advice fees Trustees

A group of 12 industry bodies has called on the government to change the proposed process by which advice fees from super are approved, claiming it will add more cost and complexity.

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ASIC

Mayfair seeks to strike out ASIC case

ASIC Mayfair 101 James Mawhinney Federal Court Michael Pearce

Mayfair 101 has moved to strike out part of ASIC’s case against its managing director and has rejected attempts to drop key evidence related to his overturned 20-year ban.

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Administration, ATO, Compliance, SMSF

CM&C critical for fund status

Residency SMSF Central management and control test ATO

The ATO has ruled that an SMSF with an inactive member living overseas and unable to meet the central management and control test themselves was still a complying fund for concessional taxation purposes.

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Administration, Investments, LRBA, SMSF

Legacy LRBAs forgotten by lenders

LRBA SMSF Refinancing Legacy LRBAs Lending Loans

LRBAs from banks and lenders who have exited the SMSF space are most likely being under-serviced and advisers and accountants should be encouraging clients to review them to gain the best interest rates available.

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