Articles by Jason Spits

Loss no reason to ignore compliance order

May 16, 2023

Financial loss will not be considered a key reason for an SMSF to avoid following a contravention rectification order issued by the ATO.

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SMSF, Superannuation, Tax

Super changes benefit unions, ALP

May 15, 2023

Jason Spits

Proposed changes to super will benefit union-owned industry funds, which support the government introducing these measures, an SMSF industry veteran has claimed.

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ETFs, Investments

VanEck releases treasury bond ETF

May 15, 2023

Jason Spits

VanEck is set to list its 33rd ETF for the Australian market with the release of a short-term US treasury bond fund.

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ATO, Compliance, SMSF

Regulator reminds trustees of release process

May 11, 2023

Jason Spits

The ATO has reminded trustees they are required to respond to requests from members to release funds and has detailed the processes it expects will be used.

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Pensions, Strategy

Pension strategy boosted for over 60s

May 11, 2023

Jason Spits

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

May 10, 2023

Jason Spits

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

May 10, 2023

Jason Spits

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

May 9, 2023

Jason Spits

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