Articles by Krystine Lumanta

Accounting, Compliance

Accounting body calls for exemption reversal

Tax & Super Australia is gravely concerned about the mounting negative effects of the Australian financial services licensing regime on accountants and wants the exemption to be reinstated.

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Auditing, Regulation

Audit paper, consultation period welcomed

The SMSF Association is pleased with Treasury’s decision to address initial industry concerns and provide an eight-week feedback period for its discussion paper on the proposed three-yearly audit cycle for some SMSFs as the next steps for the policy are crucial.

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Residential Property, Retirement, Strategy

Baby boomers must be on top of property research

A new report has outlined issues baby boomers heading into retirement need to be aware of when looking for solid investment properties.

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Auditing, Compliance, Regulation

Triennial audit feedback period begins

Treasury has released a discussion paper to commence industry consultation on its three-year audit-cycle policy for well-run SMSFs.

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Administration, Auditing

Treasury releases audit discussion paper

Treasury has this morning revealed further details on its three-year audit cycle measure for well-run SMSFs via a discussion paper released for industry consultation.

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Investments, Strategy

Trustees acting on imputation ban

Some SMSFs have assumed the Labor Party’s policy on banning excess imputation credit funds is already legislation, highlighting the need for advisers to ensure their clients understand the latest announcements affecting super.

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Retirement, Superannuation

Super catch-up measure starts

The federal government’s catch-up carry-forward super measure began this week, giving those with broken work patterns, particularly women, a better chance to save for retirement.

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Investments

Agricultural lease fund attracting SMSFs

Specialist agriculture asset manager Growth Farms Australia has received early interest from SMSF trustees for its new investment trust.

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Retirement, Superannuation

Fund manager starts anti-franking ban campaign

Plato Investment Management has started an online petition to help protect the dividend imputation system and ensure positive financial outcomes for retirees in light of the federal opposition’s policy proposal to scrap excess franking credit refunds.

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Accounting, Strategy, Superannuation

Manual ECPI now impractical

The new guidelines for calculating exempt current pension income (ECPI) require additional record-keeping, potentially covering several accounting periods and more data, and are more difficult to apply, meaning specialised software is critical to avoid mistakes.

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