Articles by Jason Spits

SuperConcepts launches consultancy services

September 28, 2022

SuperConcepts will leverage the expertise of its technical education team into a new range of consultancy services available to individuals and professionals.

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Financial Planning

Experience pathway must have end date

September 28, 2022

Jason Spits

An experience pathway for existing financial advisers must contain a sunset clause ending in 10 years, with advisers able to swear they have clean records.

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Contributions, Pensions

Commutations can derail recontributions

September 27, 2022

Jason Spits

Incorrectly commuted pensions can create transfer balance cap problems and derail a recontribution strategy.

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Accounting, Financial Planning

Advice shift should include accountants

September 27, 2022

Jason Spits

A move to principles-based advice should consider the inclusion of accountants as providers of limited advice.

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NALI/NALE, Strategy, Tax

In-specie traps within related-party deals

September 26, 2022

Jason Spits

Related-party acquisitions must be worked through carefully to avoid contribution and tax problems connected to in-specie transfers.

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ATO, Compliance

ATO disqualifies 250 trustees in past year

September 26, 2022

Jason Spits

More than 160 SMSF trustees were disqualified in the second half of the last financial year, with more than 250 disqualified across the whole year.

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Contributions

Partial property sales eligible for downsizer

September 21, 2022

Jason Spits

Partial property sales can be used to make a downsizer contribution, but carving up land for the same purposes will not create eligible contributions.

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Auditing