Articles by Jason Spits

AFCA

New AFCA model removes cross-subsidisation

AFCA funding model

Financial services firms that receive high levels of complaints will bear the brunt of costs under a new funding model released by AFCA.

read more
Contributions, Investments, Pensions

Poor valuations have wide impact

SMSF asset valuations

Inaccurate asset valuations can skew contributions into an SMSF and raise questions around the suitability of its investment strategy.

read more
ASIC, Auditing

ASIC cancels auditor registrations

ASIC SMSF auditor registration

ASIC has cancelled the registration of SMSF auditors who have continued to fail in their obligations to return annual statements.

read more
Property

Property valuations need proof of ownership

smsf property valuations

SMSF trustees must be able to prove property assets are held on behalf of their fund and not by them personally to avoid breaches and penalties.

read more
ASIC

Licensee of Mayfair representatives shut down

mayfair licensee

ASIC has cancelled the licence of a group that authorised Mayfair 101 representatives and banned its director for eight years.

read more
Administration, Superannuation

New SMSFs unlikely running by 1 July

SMSF set up

The likelihood of a new SMSF being set up by 1 July is very low due to the extra steps added into the process.

read more
Contributions

Contribution changes packaged for clients

contributions changes SMSF

The SMSF Association has condensed the contribution changes taking place into a new white-label document for use with advice clients and fund members.

read more
ASIC, Financial Planning

ASIC not seeking compliance perfection

ASIC compliance perfection

ASIC has recognised the high level of complexity in financial services legislation and is not expecting advisers to meet those standards every time.

read more
Documentation, Technology

E-signature changes not yet practical

E-signature changes

Recent changes to allow electronic signing of trust deeds must be accompanied by similar changes to a wide range of SMSF documents to be useful.

read more
Retirement, Superannuation

Retirement income education campaign needed

Retirement income program

The incoming federal government should create an education program around the operation and use of superannuation and retirement income.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.