Articles by Jason Spits

Education, LRBA, SMSF, Superannuation

LRBA rate gap a driver for change

The growing gap between the safe harbour interest rate for an LRBA and those on offer from commercial lenders may push some SMSFs to seek new borrowing arrangements.

The growing gap between the safe harbour interest rates for an LRBA and those on offer from commercial lenders may push some SMSFs to seek new borrowing arrangements.

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ASIC, Investments, SMSF

ASIC seeks closure of rollover scheme

ASIC has sought court orders to wind up a managed investment scheme that used cold calling and superannuation rollovers to get clients to invest.

ASIC has sought court orders to wind up a managed investment scheme that used cold calling and superannuation rollovers to get clients to invest.

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financial advice, Trusts

Reconsider wholesale client status

SMSF advisers should view all trustee clients as retail until they can show they have the assets to meet the upper limits of the wholesale investor test.

SMSF advisers should view all trustee clients as retail until they can show they have the assets to meet the upper limits of the wholesale investor test.

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ART, ATO, Pensions, Tax

ART ruling may clash with TR 2013/5

Administrative Review Tribunal, ART, TR 2013/5, superannuation pension, Tax Ruling 2013/5, Sladen, Phil Broderick, Philippa Briglia, QWYN and Commissioner of Taxation, superannuation income stream

The Administrative Review Tribunal has adopted a wide view on what may be considered a superannuation pension, potentially creating a conflict with Taxation Ruling 2013/5.

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Education, SMSF, Superannuation, TPB

Tax advice deadline shouldn’t be ignored

Financial Advice Association Australia, FAAA, Tax Practitioners Board, TPB, FAAA Roadshow 2025, Phil Anderson,

Financial advisers should acknowledge the year end deadline for education requirements runs concurrently with one governing tax advice.

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Business News, financial advice

IFPA strikes alliance with AIOFP

Two bodies representing advice practitioners have announced an alliance with plans to share ongoing education and lobbying efforts.

Two bodies representing advice practitioners have announced an alliance with plans to share ongoing education and lobbying efforts.

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Investments, Superannuation

Early bond exit undoes benefit

beneficiary, investment bonds, withdrawals, BT, Tim Howard, estate planning, 125 per cent rule

Investment bonds can be a useful tool to direct assets to beneficiaries, but accessing them early will heavily reduce any tax advantages they offer.

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Retirement

Cost of living rises marginally

cost of living, retirees, Association of Superannuation Funds of Australia, Retirement Standard, comfortable retirement, superannuation returns, Mary Delahunty

Retirees experienced a very small increase in the cost of living in the December quarter 2024, with the price of goods and services falling and superannuation returns pushing past 10 per cent.

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ATO, Auditing, SMSF, Superannuation

Share registry valuations questionable

SMSF members should not rely on old valuations sourced from a share registry when valuing stocks that will form part of an in-specie contribution.

SMSF members should not rely on old valuations sourced from a share registry when valuing stocks that will form part of an in-specie contribution.

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ATO, Auditing

Detail evidence provided to ATO

Administrative Review Tribunal, ATO, audit evidence, audit files, Bryce Figot, burden of proof, DBA lawyers, SMSF auditors, soft copy

Audit evidence provided to the ATO should be done in soft copy with a complete list of all documents to prevent loss and mistakes impacting its decisions.

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