Articles by Jason Spits

Assets without a market raise questions

December 7, 2022

The ATO has indicated assets without a ready market may not be suitable investments for SMSFs, particularly if they cannot produce growth or income.

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ETFs

Global X unveils uranium ETF

December 7, 2022

Jason Spits

Global X ETFs Australia has launched a new fund focused on the mining and processing of uranium for use in nuclear power plants.

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Downsizer

Don’t waste downsizer ‘last resort’

December 6, 2022

Jason Spits

Downsizer contributions are a last resort move to get large sums into superannuation so trustees should consider waiting rather than acting on pending changes.

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ETFs

VanEck launches gold ETF

December 6, 2022

Jason Spits

VanEck has released a gold ETF backed by physical bullion sourced only from Australian producers and securely stored by The Perth Mint.

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Regulation

ABN rules may lock out late lodgers

December 5, 2022

Jason Spits

Proposed changes to the Australian business number (ABN) system may lock late-lodging trustees out of their funds until they submit required information.

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ASIC, Auditing

ASIC wins appeal to disqualify auditor

December 5, 2022

Jason Spits

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.

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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.

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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.

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ASIC, financial advice