Articles by Krystine Lumanta

Superannuation

Budget delivers favourable change for SMSFs

Parliament House, Canberra

Federal Treasurer Scott Morrison’s third budget includes measures considered to have a positive effect on SMSFs and contains no significant tinkering with the superannuation system.

read more
Business News

ASIC takes action against NSW adviser

The Australian Securities and Investments Commission (ASIC) has commenced proceedings in the Federal Court against New South Wales financial adviser Graeme Walter Miller following misconduct involving SMSFs.

read more
Business News

Murray named new AMP chair

AMP has announced David Murray will join its board and lead the redevelopment of governance processes following the banking royal commission’s findings of advice misconduct by the financial services giant.

read more
Business News

ANZ commits to improving financial advice

ANZ has today announced it will begin implementing a range of initiatives to help improve the quality of financial planning and customer remediation when things go wrong.

read more
Regulation

New retirement alliance to fight for fairness

Hands and jigsaw pieces coming together

Several industry associations have come together to form the Alliance for a Fairer Retirement System as a direct response to Labor’s proposal to disallow refunds of excess franking credits for a range of retirees and shareholders.

read more
Regulation

Unlicensed SMSF accountants get clean bill of health

A green texta ticking a box

The corporate regulator’s recently completed assessment investigating unlicensed accountants recommending clients set up an SMSF has found no systemic concerns around the provision of unlicensed SMSF advice.

read more
Investments

Corporate bond appetite gains momentum

There is rising demand for corporate bonds from Australian high net worth individuals (HNWI) as investors acquire a better understanding of these instruments’ potential portfolio value, a new report has revealed.

read more
Compliance

ASIC increases ICO scrutiny

The Australian Securities and Investments Commission (ASIC) is focusing its compliance activity on misleading or deceptive conduct in the marketing and selling of digital or virtual tokens via initial coin offerings (ICO).

read more
Business News

SMSFs should anticipate effect of LRBA changes

New measures governing limited recourse borrowing arrangements (LRBA) entered into on or after 1 July mean borrowing and many other aspects of running an SMSF may become more complicated prompting a call for trustee action now from an industry lawyer.

read more
Investments

SMSFs fixed income ESG demands met

Australian provider of Australian Securities Exchange (ASX)-traded corporate bonds XTB has launched a new fixed income portfolio of environmental, social and governance (ESG)-approved in response to growing demand from SMSFs for ethical investments.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.