Articles by Jason Spits

Pensions, Strategy

Pension strategy boosted for over 60s

Pension strategy

Super fund members aged over 60 can plan on using the indexation of the transfer balance cap from this year, but may need to change their employment status to do so.

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ATO, Compliance

Push for undertaking instead of rectification

SMSFs undertaking rectification

SMSFs facing contravention issues with the ATO should consider a proactive enforceable undertaking rather than waiting for a regulator-issued rectification.

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ETFs, Investments

Betashares to launch global equity ETFs

Betashares global equity ETFs

Betashares will launch two broad-focus global equities ETFs, expanding its range of funds that can be used as a core asset in a portfolio.

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NALI/NALE

Govt amends NALE penalty

NALE penalty

The government has amended its proposed penalty for breaches of the NALE rules, but appears to be pushing ahead with plans to only apply them to the SMSF sector.

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Education, Superannuation

Accurium to provide stockbroker super training

Accurium SIAA training

The Stockbrokers and Investment Advisers Association has joined with Accurium to provide super-related training to its members.

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AFCA, Appointments

AFCA names new advice ombudsman

AFCA advice ombudsman

The Australian Financial Complaints Authority has appointed a former adviser and lawyer as lead ombudsman for investments and advice.

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ATO, Compliance

Trustees warned on excess NCC release

Excess non-concessional release

SMSF trustees have been advised that any excess non-concessional contributions must be released to the ATO and not fund members and not doing so is a compliance breach.

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Regulation, SMSF

Expert status will bring heavy penalties

SMSF practitioners regulators

SMSF practitioners have been presented with a case study of what they can expect from the regulators if they intentionally breach the law.

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Superannuation, Tax

Scrap super tax for $10m cap

superannuation tax cap

Rather than introduce a complex tax based on total superannuation balances, the government should put in place a $10 million hard cap for all fund members.

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financial advice, Regulation, SMSFA

Experience plan may have kept more advisers

Experienced adviser pathway

The experienced adviser pathway should have been offered sooner under the education changes of recent years and may have led to greater retention of advisers.

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