Articles by Krystine Lumanta

Accounting, Education, Financial Planning

CAANZ pleased with FASEA requirements

Chartered Accountants Australia and New Zealand (CAANZ) today welcomed the release of the Financial Adviser Standards and Ethics Authority’s (FASEA) draft legislation for five out of the seven standards.

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Financial Planning, Superannuation

Advisers acknowledging younger SMSF cohort

Practitioners in the SMSF space are recognising the shift from older trustees to younger trustees and are working to gain an understanding of their specific needs, according to the SMSF Association.

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Regulation, Superannuation

Early release of super second consultation begins

Treasury has released an issues paper with findings and draft proposals for reform of the rules governing the early release of superannuation benefits on compassionate and severe financial hardship grounds.

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Regulation, Retirement, Tax

Franking ban threatens retirement system

Pink Piggy bank money concept on dark blue background

The proposed policy to scrap refundable franking credits undermines the core principles of Australia’s retirement system, a House of Representatives Standing Committee on Economics hearing into the proposal was told yesterday.

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Regulation, Retirement, Superannuation

Franking policy removes SMSF control, choice

The Labor Party’s proposed policy to ban excess franking credits will diminish the control and choice of SMSF trustees and members, a House of Representatives Standing Committee on Economics hearing into the proposal was told today.

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Accounting, Education, Financial Planning

FASEA lacks limited licensee details

The latest round of legislative instruments and the updated standard blueprint from the Financial Adviser Standards and Ethics Authority (FASEA) provide little to no help to those providing SMSF advice under limited licences, according to wealthdigital.

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Investments, Retirement

OpenInvest aiming to address SMSF needs

A new online marketplace and platform offering, OpenInvest, was unveiled yesterday in response to SMSF trustees’ desire for direct access to a range of highly credible and experienced managers.

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Regulation, Retirement, Superannuation

Franking inquiry begins public hearings

The House of Representatives Standing Committee on Economics will this week hold two hearings for its inquiry into the implications of removing refundable franking credits, after receiving hundreds of submissions from retirees.

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Education, Financial Planning

FASEA issues standards blueprint, instruments

The Financial Adviser Standards and Ethics Authority (FASEA) has released its revised standards framework for financial advisers, as well as two legislative instruments for work and training, or the professional year, and the provisional relevant provider expression.

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Retirement, Superannuation

No extra contributions jeopardising super adequacy

The latest Roy Morgan “Single Source Survey” for Australia has revealed the low level of above-compulsory super contributions will present a major retirement funding problem for workers and the federal government.

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