Articles by Jason Spits

ASIC, FASEA, financial advice, Legislation

Adviser exam pushed back

ASIC Financial adviser exam

The first ASIC adviser exam of 2024 will be pushed back by more than a month as the regulator implements changes to its content and eligibility criteria.

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Investments, Platforms

OpenInvest secures funding

OpenInvest Tayside Group Investment platform

OpenInvest has gained the financial support of a large family office, setting it up to continue attracting firms to its white-label investment platform solution.

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Pensions, Superannuation

Revisit reserves before new tax starts

SMSF reserves legacy pensions superannuation earnings tax

Reserve and legacy pension allocations inside SMSFs should be revisited before the new earnings tax applies as they may be counted as earnings and not contributions.

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Downsizer, financial advice, Property, SMSF

Property, tax lead new year concerns

SMSF Business property Downsizer contributions tax Financial advice LRBA

The use of business property inside an SMSF and downsizing the family home will be key issues for advisers and clients next year due to cost-of-living pressures.

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ATO, Regulation, SMSF

Diamonds not a personal asset

Pink diamonds personal use asset collectables ATO guidance

The ATO has provided guidance on the status of pink diamonds inside an SMSF and has noted trustees should give proper consideration to how they are insured and stored.

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ETFs, Investments

Second fixed income ETF from JP Morgan

JP Morgan Global Bond Active ETF fixed income exchange traded fund

JP Morgan Asset Management has grown its suite of ETF products with the release of a second fixed income product and a hedged version of an existing global equities fund.

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financial advice, Financial Planning

New adviser class insulting to sector

Financial advice qualified advisers Stephen Jones QAR IFPA

A proposal to create a new class of financial adviser is an insult to those who have attained high-level qualifications and the government should reconsider its plan.

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Legislation, NALI/NALE, Superannuation, Tax

Last chance to alter $3m soft cap bill

Division 296 tax NALE Superannuation earnings tax Senate

A review by a Senate committee will give the SMSF sector a final chance to put forward its case that the proposed superannuation earnings tax is poor policy and should be refined.

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SMSF, SMSFA, Tax

Div 296 tax impact on farms refuted

SMSF Association ASFA farms $3 million superannuation earnings tax

The SMSF Association has rejected claims few farms in SMSFs will be affected by the proposed superannuation earnings tax as the assertion is based on incorrect ATO data.

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financial advice, Financial Planning

Govt to create new advice class

Quality of Advice Review QAR financial advice qualified advisers Stephen Jones Angus Taylor

In an effort to meet the need for financial advice, the government will allow financial institutions to provide it through in-house advisers with lower education standards than those in the current advice regime.

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