Articles by Jason Spits

Investments

Managed account usage spikes

managed accounts usage

Global pandemics, political tensions and market volatility have driven the usage of managed accounts to record high levels.

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Cryptocurrency, Regulation

Hume flags crypto trading controls

cryptocurrency licensing custody

The federal government has flagged the creation of licensing and custody arrangements for cryptocurrency trading exchanges as part of a new policy paper.

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Investments

Investment bonds a good complement to SMSFs

investment bonds SMSFs

Investment bonds offer similar tax-free and estate planning benefits as SMSFs, but still remain underused by Australian investors.

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ATO

ATO grants SuperStream relief

SMSFs ATO SuperStream

SMSFs struggling to obtain an electronic service address for SuperStream rollovers will be able to use paper forms to action them under temporary relief from the ATO.

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Trusts

Trust distributions can create asset breach

trust distributions in-house asset

SMSFs holding a unit trust may breach the in-house asset rules through the incorrect treatment of trust distributions.

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Superannuation, Tax

Div 293 payment clarity needed

SMSF division 293 tax

SMSFs members looking to pay a division 293 tax from their fund need to be clear as to what part of their benefits will be impacted before making that election.

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Contributions

Reimbursement window is narrow

SMSF reimbursement

SMSF expenses paid by a member will be treated as a contribution unless the member moves quickly to claim a reimbursement.

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ETFs

Betashares launches digital health ETF

Betashares digital health ETF

Betashares will release its 12th thematic ETF with the latest offering focused on digital health and telemedicine.

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ATO

New ATO alerts are legitimate

ATO SMS alerts

New detailed alerts from the ATO regarding changes in an SMSF are legitimate and part of an upgraded anti-fraud system.

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Administration, Regulation

Balance tops legal permission

member balance release condition

The obligation to determine if there are sufficient funds to make a member payment is the most important consideration for SMSF trustees.

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