Articles by Jason Spits

ASIC wins appeal to disqualify auditor

December 5, 2022

ASIC has won the latest round in a series of actions regarding the disqualification of an SMSF auditor, with a final determination yet to be made.

read more

Retirement

Household Capital buys home equity specialist

December 5, 2022

Jason Spits

Household Capital has purchased a home equity specialist expanding its funding offering to cover the government’s home equity access scheme.

read more

ATO, SuperStream

ESA non-disclosure breaches obligations

December 1, 2022

Jason Spits

SMSF practitioners must disclose the electronic service address of a fund when dealing with the ATO as not doing so will create a breach for their trustee clients.

read more

ASIC, financial advice

Online-only adviser exam dates released

December 1, 2022

Jason Spits

ASIC has released the dates on which it will conduct adviser exams in 2023, noting they will only be offered remotely.

read more

Insurance

Evidence central to incapacity claim

November 30, 2022

Jason Spits

Trustees should seek strong medical evidence a member is incapacitated before allowing them to access benefits.

read more

Documentation

Director ID application window extended

November 30, 2022

Jason Spits

The ATO will not penalise company directors who did not meet today’s deadline to apply for a director ID if they apply by mid-December.

read more

ASIC, Auditing

ASIC acts against six SMSF auditors

November 29, 2022

Jason Spits

ASIC has taken action to remove five SMSF auditors from practice and imposed conditions on another auditor following referrals from the ATO.

read more

Accounting

Downsizer reduction passes parliament

November 29, 2022

Jason Spits

A further reduction in the eligibility age to make downsizer contributions has passed through parliament and may take effect by the start of next year.

read more

financial advice